The multi-decade programme could return Rolls-Royce to a market dominated by CFM International and Pratt & Whitney. The company left the segment after selling its International Aero Engines stake in 2012 and has since developed UltraFan technology.
The proposed support also covers defence applications and is expected to support 3,300 jobs. The government said funding remains subject to legal, value-for-money, affordability and approval processes.
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