U.K. Plows $160 Million Into Electric Planes, Urban Drones
- Business secretary announces industrial strategy sector deal
- Greg Clark warns U.K. reputation at risk if no deal on Brexit
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The U.K. will plow 125 million pounds ($160 million) into electric planes and drones to ease congestion in urban areas, Business Secretary Greg Clark will announce on Thursday.
The funding -- to be matched by the private sector -- aims to develop new technologies to cut pollution from the aerospace industry, as well as to ease congestion in London and other urban areas, according to a statement from Clark’s department. It’ll help pay for the development of electric planes with vertical takeoff capability and for drones to carry goods and perform services.