Electric flying taxi company gets another £8m from government

Vertical Aerospace's total taxpayer backing rises to 37m but investors largely remain sceptical

Britain's flying taxi pioneer, Vertical Aerospace, has been handed another 8m grant from the government, taking its total taxpayer backing to 37m as it tries to get its electric aircraft off the ground.

The company said the funding to develop the propellers for its electric vertical take-off and landing (eVtol) aircraft was a vote of confidence" in its technology, despite recent struggles.