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Other operating income

12 Months Ended

Dec. 31, 2021

Other operating income

Other operating income

6Other operating income

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

​

​	​	​	​	​	​	​
​		2021		2020		2019
​	​	£ 000	​	£ 000		£ 000
Government grants		8,829		1,989	​	—
R&D tax credit		2,388		328	​	399
Other	​	135	​	—	​	—
​		11,352		2,317	​	399

​

Government grants

Government grants relate to amounts receivable 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 profit or loss 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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