HydrogenOne Capital Growth plc (LON:HGEN) and the corporate venture arm of French aerospace company Safran Group (EPA:SAF) announced a common investment in Cranfield Aerospace Solutions Ltd (CAeS), an UK aircraft innovation company.
More jobs are on the horizon after a company which makes wind turbines announced a new generation of the green energy machines.
Vestas currently employs 650 people manufacturing wind turbine blades on the Isle of Wight, it is thought 50 new jobs will be created.
The Danish company said the longer 85m (279ft) blades are for a European offshore wind project.
The plant has made blades for seven of the UK’s largest offshore wind farms.