ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom

A new package of funding for the UK space industry has been announced by science minister Chris Skidmore. He unveiled the new funding plans at the UK Space Conference in Newport earlier this week.

£20 million will be allocated from the government’s strategic priorities fund to deliver upgrades to the capabilities in space weather modelling and measurement in the UK. A further £1.3 million will also be made available for horizontal spaceport plans in England, Scotland and Wales.

There are also opportunities for businesses to tap into new funding, if they can come up with new business ideas that could benefit from a flight to the International Space Station. The UK Space Agency will provide £1 million of funding, which will be matched by the industry.

Mr Skidmore commented: “There are huge opportunities as space becomes more commercial and to meet them we must harness the inspirational effect space has on young people and bring even more people into this fast-growing sector.”

He also praised the “incredible strength” of the UK’s space industry, adding that its contribution to life across the UK is “inspiring”.

This comes after the latest PwC report ranking the world’s top markets for aerospace investment put the UK in the top four.

Aerospace Manufacturing reported on the rankings, which saw the US come out on top in terms of the attractiveness of its aerospace market for investment. Canada and Singapore took second and third place respectively, with the UK in fourth, making it the highest ranked market in Europe.

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