UK Government pledges broad package to anchor Vertical’s first full-scale production sites in the UK

UK Government pledges broad package to anchor Vertical’s first full-scale production sites in the UK

Vertical and UK Government are in advanced discussions on a broad package to anchor the first of Vertical’s planned global full-production sites in the UK

Package would include a further grant of up to £10 million ($13.5 million), bringing total direct UK Government funding support to approximately £48 million ($64 million)

Also includes wider engagement and financial support across defence, export finance, future flight and dual-use innovation

Vertical is now progressing UK sites down-selection for the first of its global full production aircraft assembly and battery manufacturing facilities