Published by Global Banking & Finance Review®
Posted on February 23, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleFT says Rolls-Royce asked the UK for £100–£200m toward a £3bn UltraFan 30 engine demonstrator. The funding would support development and testing as the firm targets a return to the narrow-body market.
Feb 23 (Reuters) - Rolls-Royce is urging the UK government to commit to taxpayer support for the 3 billion pounds ($4.05 billion)development of a new aircraft engine project, the Financial Times reported on Monday, citing people familiar with the matter.
The company is asking between 100 million-200 million pounds in the first instance to help fund the development and testing of a demonstrator of the UltraFan 30 engine, the report said.
Reuters could not immediately verify the report.
($1 = 0.7400 pounds)
(Reporting by Abu Sultan in Bengaluru; Editing by Subhranshu Sahu)
Rolls-Royce is urging the UK government to provide taxpayer support for a £3bn UltraFan 30 aircraft engine project, according to a Financial Times report.
The company is asking for an initial £100–£200 million to fund development and testing of an UltraFan 30 demonstrator, as part of the broader £3bn program.
Reuters stated it could not immediately verify the Financial Times report as of Feb 23, 2026.
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