Check out these small business loan images:
Vince Cable
Image by bisgovuk
Production, research and development of helicopters in the UK has taken a major step forward with a total of £32 million of public finance announced today by Business Secretary Vince Cable.
He made the announcement during a visit to AgustaWestland's Yeovil facility where design and development is taking place for the new AW169 light intermediate commercial helicopter. The new aircraft is a diversification for the Yeovil plant as this has previously focused on military aircraft.
The investment includes a £22 million loan on market terms in order to assist production of the AW169. Separately, a total of £10 million in R&D grants have been delivered through the Technology Strategy Board Scheme. These grants are aimed at boosting research and development in advanced rotorcraft, benefiting small and medium sized enterprises in the supply chain and universities which train the next generation of engineers and technicians.
