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Other operating income

6 Months Ended

Jun. 30, 2022

Other operating income

Other operating income

4Other operating income

The analysis of the Group’s other operating income for the period is as follows:

​

​	​	​	​	​
​		6 months ended		6 months ended
​	​	June 30,	​	June 30,
​	​	2022	​	2021
​	​	£ 000	​	£ 000
Government grants		1,214		8,999
R&D tax credit		2,193		687
​		3,407		9,686

​

Government grants

At June 30, 2022, the Group had a receivable of £1,241 thousand (June 30, 2021: £8,943 thousand) from the Aerospace Technology Institute (ATI) relating to the research and development of eVTOL technologies. The grant is made to fund research and development expenditure and is recognised in the period to which the expense it is intended to fund relates.

R&D tax credit scheme

The R&D tax credit relates to the UK’s research and development expenditure credit scheme.

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- Definition

No definition available

+ References

No definition available.

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- Definition

The disclosure of other operating income. [Refer: Other operating income (expense)]

+ References

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