Press release: Lift off for new investment in UK SMEs to develop new aerospace technology

first_imgTo boost UK aerospace R&D activity, develop new technology and increase the UK’s share of the growing aerospace market, industry and government made a total joint funding commitment of £3.9 billion for civil aerospace research from 2013 to 2026. Of that funding, today’s announcements include: National Aerospace Technology Exploitation Programme 3 (NATEP 3): a £13.7 million programme aimed at small and medium sized suppliers to help them develop their own innovative technologies to enhance their capabilities and increase their ability to win new business. It is primarily aimed at small and medium sized businesses that are new to R&D or are restarting R&D activity. The programme builds upon the successful NATEP 1 and 2 programmes. The first call for NATEP 3 will open in September 2019 and companies wanting to participate are encouraged to speak to ADS. Business Minister launches £24 million research & development fund to back pioneering aerospace SMEs developing new solutions to UK aerospace challenges separate programme worth almost £14 million also unveiled – boosting global competitiveness of UK aerospace SMEs new commitments are part of the modern Industrial Strategy and joint government-industry Aerospace Sector Deal Government today backed pioneering aerospace SMEs with the launch of a new £24 million fund for collaborative research and development (R&D) projects.The new funding opportunity, announced by Business Minister Andrew Stephenson at the Paris Airshow, will help keep UK aerospace suppliers at the forefront of aerospace manufacturing.Through the programme up to £12 million government funding, matched by industry, will be available as part of the Open Collaborative Research and Development (CR&D) competition, supported by the Aerospace Technology Institute Programme.The Business Minister also announced the opening of the new round of the National Aerospace Technology Exploitation Programme (NATEP 3) to help SMEs develop innovate technology, including, virtual reality training for cabin crew and 3D aerospace structures to lighten aircraft, and bring it to market quickly to boost their global competitiveness.In a speech, Business Minister Andrew Stephenson said: Open Collaborative Research and Development (CR&D): a £24 million programme to support and accelerate industry investment focused on small and medium sized supply chain companies. This competition seeks high risk, high impact projects that demonstrate future-thinking, revolutionary and disruptive solutions to UK aerospace challenges. The call will open in October 2019 and potential applicants should now contact the Aerospace Technology Institute to discuss the preparation of their bids. During the Paris Airshow, the Business Minister also met small, medium and large companies exhibiting from across England, Northern Ireland, Scotland and Wales. Innovation and R&D are crucial for the UK aerospace sector and I am delighted that we have today launched two programmes to support R&D for SMEs. Through our Industrial Strategy we are ensuring the UK remains a world-leader by boosting R&D activity, developing new technology and increasing the UK’s share of the growing aerospace market. ADS Chief Executive Paul Everitt said: The UK’s successful Aerospace Industrial Strategy is helping companies in this innovative sector to develop advanced new technology, raise their productivity and create high value jobs in every part of the country. Programmes like these are generating new R&D investment at every level of the industry. This investment is vital to boosting our international competitiveness and to developing the technologies of the future that will deliver improved fuel efficiency and significant reductions in the environmental impact of aviation worldwide.last_img read more

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Syracuse redshirt freshman forward Matthew Moyer ruled out for Wake Forest matchup

first_img Published on February 11, 2018 at 12:54 pm Contact Matthew: [email protected] | @MatthewGut21 Syracuse redshirt freshman forward Matthew Moyer has been ruled out for Sunday’s matchup against Wake Forest, SU Athletics announced about 30 minutes prior to the 1 p.m. start time. Moyer is wearing a protective boot on his left ankle and is not in uniform.Moyer, who started the first 20 games of the season for SU (16-8, 5-6 Atlantic Coast), did not start two weeks ago at Pittsburgh due to a left ankle sprain. He has not started SU’s last four games, as freshman Marek Dolezaj slotted into his place. Dolezaj averages 4.7 points and 5.2 rebounds per game.Over his last three games off the bench, Moyer has played 34 minutes and scored just two points. When asked last week about whether Dolezaj would continue to start, head coach Jim Boeheim did not waver.“Well let’s see,” Boeheim said. “Matt played 19 minutes (against Virginia). He has zero, zero, zero, 0-for-4, yeah. I’d say so.”With Moyer out and freshman forward Bourama Sidibe still battling tendinitis, former walk-on Braedon Bayer could see time. Boeheim has said Bayer will see the floor, but he played only one minute at Louisville on Monday.AdvertisementThis is placeholder textTip between the Orange and Demon Deacons (9-15, 2-10) is slated for 1 p.m. Comments Facebook Twitter Google+last_img read more

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‘PEOPLE WILL GET THEIR MONEY BACK’ SAYS DONEGAL INVESTMENT MAN – BUT NO SIGN OF HIS ELUSIVE BOSS

first_imgEXCLUSIVE INVESTIGATION LATEST: DOZENS OF investors in an illegal Donegal investment scheme fear they may never get their money back – though one of those who sold investments insists everyone will get their cash.The scheme is similar to one employed by notorious American crook Bernard Madoff (pictured right). His son Mark Madoff committed suicide in the US last night.In these sort of schemes, many people do get returns. But many others do not. The get-rich-quick scheme however is illegal and Garda sources have confirmed that even if all investors get their cash back, they will seek a number of prosecutions.The Garda Fraud Squad investigation into the mafia scam centres on an ex-prisoner foreign national. However we can reveal tha at least one well-known Donegal man has defended his role in the scheme, insisting it is a legitimate business, that his boss is in the clear and that everyone will get their money back.In a conversation relayed to donegaldaily.com the well-known Donegal man initially denied Gardai were investigating the scheme. When it was pointed out that his boss’s premises had in fact been raided by the cops, he then admitted there is an investigation but that he believed the investment scheme was and is legitimate. He said he hasn’t seen his boss ‘for several weeks’.Friends believe that he too has been taken in by the scam too – and that he thought he was selling legitimate investments. Donegaldaily.com has interviewed a number of people around the county throughout the day. These included people who did invest in the scheme and did make substantial returns. A number of other investors said they had been told they will get their cash back in the next few days.One of those told us last night: “I know people think we were mad investing in this scheme but it was presented very well and by people I knew very well.“I have to believe I will get my money back because I simply can’t afford to lose it. I don’t care at this stage if I don’t make any money on it. I have been told that I will get my money in the next couple of days but I don’t know if I will or not. I can only hope I will.“To be honest I’m just sickened by it all. I can’t even think about Christmas at the moment.”The so-called Ponzi Scheme was a fraudulent operation that paid returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent.They always collapse, with some of those behind them making off with the cash.The Donegal scheme involved the scamsters telling investors that they could get between 10% and 40% on their cash investments in just TWO MONTHS.The elaborate ‘get rich quick’ con involved false claims that people were investing in a company approved by Lloyds of London and Deloittes which bought liquidated stock, which was then sold at huge profit. Neither company was actually involved. One investor was told that the company had bought four luxury Bentley cars for just €10k each and re-sold them to wealthy Arabs for ten times that figure. No such transactions ever took place. The cars didn’t exist.Another investor told us that he was told the money was used to buy cheap airline tickets in bulk which were then sold off at huge profit.However he told us today: “I suppose if it was that easy to get 20% return on an investment, everyone would be doing it. The government could save the country if it was that easy – and the banks would be in better shape. But I got my money back – and more.”Yesterday, Friday, we reported how several premises have been raided in several towns in the county as part of a complicated Garda inquiry. Fraud Squad officers have spent a huge amount of time in undercover vehicles and premises in Ballybofey.We can now reveal that a considerable number of leading business personalities have been interviewed as part of the investigation. Some are extremely well known in the county and beyond.Gardai began their inquiry after a tip-off from the German police which had closed down a similar scheme run by the same convicted fraudster.As a result of the scam, many innocent local people are set to lose fortunes after investing in schemes which have collapsed. Some of the victims are pensioners – others are ordinary workers who were sucked into the scam by professional fraudsters aided by scamsters here in Donegal.Donegaldaily.com understands that the some investors have received their money back without the high returns promised.However we know of one person owed €1.8M and another owed €200k. One man did get his €70k back last week after revealing to one of the crooks that he carried a legally-held firearm!Others however have been promised their money back this weekend, but we are told a €10M account has been ’emptied’. Regardless of those claims, the ‘scheme’ was illegal.Computers and paperwork were removed from several different premises for examination as part of the probe by detectives from the Garda Fraud Squad.However it is not believed any arrests have been made at this stage.A Garda source revealed the investigation is a part of an international inquiry and that offices at businesses in Germany have also been visited and police in Estonia are also helping the inquiry. Police in France and the UK have also been contacted.The PSNI are closing in on a former bank employee in the North who is also linked to the scam.Last night a well-placed source aware of the scheme told us: “I warned several friends to stay well away from this. If it sounds too good to be true, then it is too good to be true.“A lot of people have invested huge sums. The way the Ponzi scheme works, there will always be those at the top who get their money back with interest, but there is never enough for everyone at the end and many people will lose out.“Let’s put it this way – if people are still waiting on their money, I’d be surprised if they ever see it now.”A Garda source said: “A number of premises were visited and different people were spoken to on an informal basis.“Those who were spoken to may not have even been aware that they were involved in anything illegal.“The investigation is part of a wider international investigation but we can’t say too much more about it at this stage,” said the source.It’s understood Gardai are carrying out the inquiry with the help of a number of other international police forces.Today a well-placed source told us: “We are looking at figures between €10M and €20M. And a lot of Donegal people will have lost a fortune in the elaborate money-laundering and investment scam.”The foreign national behind the Donegal con could not be contacted tonight.Many of the con’s records taken by cops appear to show huge takings at a legimitate food establishment – compared to exaggerated lodgements from the same business. Gardai believe large amounts of cash lodged in the name of the apparently legitimate business could not have come from it.For example a Wednesday lunchtime trade involving just six diners apparently led to the lodgement of more than €10k!* Bernard Madoff – the American scamster – is serving 150 years in jail for his part in ripping people off for $18 Billion.* Our investigation is continuing and we hope to expose more details in the next few hours. If you have been a victim, contact us in complete confidence using the contact form on our home page. Several victims already have. We never reveal sources and never use the names of our sources or reveal those sources to anyone.* Please note that several Authorities have informed us that the scheme was ENTIRELY ILLEGAL. However an amnesty may be available for whistleblowers.* This story/investigation is the subject of Copyright Laws and Action will be taken against any newspaper/website taking this story in whole or in part without prior Consent. Copyright donegaldaily.com‘PEOPLE WILL GET THEIR MONEY BACK’ SAYS DONEGAL INVESTMENT MAN – BUT NO SIGN OF HIS ELUSIVE BOSS was last modified: December 12th, 2010 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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