UK space launch programme receives £50 million boost
Business Secretary Greg Clark announced the plans November) as he launched the Government’s ambitious Industrial Strategy.
This sets out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change and support businesses and workers.
The £50 million programme, which builds on the £99 million already invested in the National Satellite Test Facility at Harwell, will help UK spaceports access a global market for launching small satellites worth £10 billion over 10 years, and offer low gravity flights to advance cutting-edge science.
The UK Space Agency is working with industry to grow the UK’s share of the global space market from 6.5% to 10% by 2030.
To achieve this, companies must be able to pursue new commercial opportunities from the UK, which offers an excellent location for space launch, with a world-leading small satellite industry, access to in-demand orbits, and reputation for regulatory excellence. ■