The Brits are good engineers, and, compared to American juggernaut companies, specially in the defense and aerospace area, they manage to make innovation with very little. The US military spent millions all through the 1960's upto the late 1980's for a successful VTOL aircraft. Along came the brits with fractions of the budget with a great product the Harrier GR-1. There are some great arguments here, specially the s…
>If the government doesn't take the risk, long term innovation would be very difficult. What I'm wondering is, if the taxpayers have to take all the risk and spend all the R&D money out of our own pockets, why don't we get to keep all the profits as well? I thought innovation was the role of heroic figures who eat risk for breakfast? I thought the massive, economy-distorting pay packages were justified by all that ri…
"the government's investment represents about 25% of the total"
Personally I am quite delighted to see my UK tax money going to back this project. Compared to the amounts we spend on much sillier projects it is a rounding error.
[e.g. My home city of Edinburgh is spending £1 billion on a rather short length of trams and the UK is spending ~£7 billion on two aircraft carriers when we can only afford to run one!]