International Trade Secretary Liz Truss announced the government guarantee, which will support highly skilled jobs in Derbyshire as the UK builds back better in the aftermath of coronavirus.
A monorail is a rail transportation system based on a single rail, which acts as its sole support and its guide way, according to rail system.
Britain has thrown financial support for the first time behind exports of Bombardier CSeries jets part-built by Northern Ireland workers caught up in a recent trade row.
Canadian plane maker Bombardier won a major U.S. case on Friday, which government officials said showed the importance of free trade.
British Prime Minister Theresa May on Friday welcomed Bombardier's unexpected trade victory against U.S. planemaker Boeing Co as good news for British industry.
EgyptAir signed a $1.1 billion letter of intent with Head of Canada's Bombardier Inc. Fred Cromer to buy 12 C Series jets during the period from 2018 till 2020.
Swedish prosecutors appealed a court ruling earlier in October that an employee at Canadian aircraft and train maker Bombardier was innocent of bribery.
Airbus’s coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week.
The U.S. Commerce Department has notched up proposed trade duties on Bombardier Inc CSeries jets to nearly 300 percent.
Boeing needs to get around the table with Bombardier and find a solution to its trade dispute that has put more than 4,200 jobs at risk in Northern Ireland.
Stiff U.S. duties imposed on Bombardier Inc's CSeries jet sparked retaliation threats from Britain and Canada's Quebec province on Wednesday as the dispute.
Theresa May has asked President Donald Trump to intervene in a dispute between Boeing Co and Canadian Bombardier to help secure jobs in Northern Ireland.
Britain is pressing for U.S. plane maker Boeing to drop its trade challenge against Canadian rival Bombardier and seek a negotiated settlement.