UK Space Agency to invest up to £32 million in global space industry partnerships
The UK Space Agency is investing up to £32 million to open opportunities for the UK space sector to share expertise in real-world satellite technology and services overseas.
Grants will be awarded to British companies to work with international partners developing satellite technology to tackle issues like flooding, deforestation and humanitarian crises in emerging economies. These grants will be match funded by industry.
The UK space sector continues to thrive, growing at over 7% per year and is currently worth £11.3 billion to the UK economy. With more than 5,000 jobs created in the last 2 years, it employs more than 34,000 people and supports a further 72,000 jobs in other sectors.
The International Partnership Space Programme (IPSP) will run over 2 years. It will support UK companies to become trusted partners to provide high-tech exports, thereby growing the UK space sector and creating jobs.