Basically Reaction Engines have been able to unlock the 60M that the government wanted to give them without it being "unfair state aid".
They have scaled down their demonstrator so that it won't cost as much.
Also they are looking at co-operating with Orbital Sciences to build air-launched vehicles which could test their engine.
ESA commits to next stage of UK revolutionary rocket engine / Space Engineering & Technology / Our Activities / ESA
Funding flows for UK?s ?revolutionary? Sabre rocket engine - BBC News
Reaction Engines Ltd - News: 12 July 2016
Reaction Engines Ltd - News: 11 July 2016
Last edited by t43562; 13th July 2016 at 09:18.