If proof were needed that UK engineering businesses are short of research funding (particularly research and development), the demise of the Bloodhound SSC project should serve as a warning.
Plans to create a car that could race at more than 1,000mph were recently scuppered after the company behind the project went into administration. Despite the car being close to completion, it ran into a brick wall after £25 million, needed for the final stages of R&D, failed to materialise.
