I had some detailed correspondence with the CAA last summer regarding approving a totally new kit helicopter in the UK along with a totally new approach to construction (2-week build) and was geniunely impressed with their attitude, enthusiasm and quoted costs. It does amount to a significant amount of money, but not unreasonable by any stretch of the imagination, nor was their approach.
If you could find 50 like minded prospective buyers together you could easily design, build and approve a completely new high machine for everyone's benefit.
CRAN