POST Online Media Lite Edition


Space Industry Act to unlock billions for UK economy

Staff Writer |
The UK government’s plans to add billions of pounds to the UK economy and create hundreds of high-skilled jobs by unlocking opportunities in the new space age, were outlined by the Science Minister Sam Gyimah.

Article continues below

Developing the UK space sector is a crucial aspect of the government’s modern and ambitious Industrial Strategy and during a visit to the National Oceanography Centre (NOC) in Southampton, the Minister announced 8 ground-breaking satellite data projects, which will demonstrate the potential of using satellite technology to solve challenges faced by society.

Part of the UK Space Agency’s Space for Smarter Government programme, the schemes include a project with Bournemouth Borough Council which will use satellite data and machine learning to map out where charge points for electric vehicles can be installed.

Other projects include using satellites to monitor and mitigate air pollution, enhancing healthcare and urban air quality management, and deploying satellites and drones in the battle against marine waste.

The Space Industry Act is the most modern piece of space industry regulation anywhere in the world, enabling the first ever commercial space launch from UK soil.

It will open up the universe to businesses, allowing them to better compete in the commercial space race using UK spaceports, and taking advantage of future developments, including hypersonic flight and high-speed point-to-point transport.

The passing of the Space Industry Act and the 8 new projects will open up a new space era for the UK ensuring it becomes a leading destination for space flight.

In addition, companies will have greater access to commercial space opportunities, increasing the UK’s share of the global space industry – currently 6.5% – and growing the sector which is currently worth £13.7 billion to the British economy.

What to read next

Australia announces creation of national space agency
South Australia and the ACT team up to pursue national space agency
Hungary to join European Space Agency