UK space industry sets out vision for growth

The Prosperity from Space strategy sets out a vision for enhanced growth in the UK space sector over the next decade.

Published by the Space Growth Partnership on Friday 11 May 2018, the strategy focuses on four sector priorities:

• Earth information services including navigation, analytics and security

• Connectivity services – global connectivity anywhere from any device

• In-space robotics – for science enterprise, consumers

• Low-cost access to space

The strategy aims to double the value of space to wider industrial activities from £250 billion to £500 billion, generate an extra £5 billion in exports and attract £3 billion of inward investment. The space sector will actively encourage diversity and inclusion in its workforce and interact with 1 million young people per year in a bid to increase interest in careers in Science, Technology, Engineering and Mathematics (STEM).

Science Minister, Sam Gyimah, said:

“We want the UK to thrive in the commercial space age and have committed £150 million in our Industrial Strategy to help develop advanced rocket engines, test satellites and establish spaceports in the UK for the first time. The Government will continue to work closely with the space sector to build on our significant capability and maximise the benefits of space to life on Earth, creating jobs and opportunities across the country.”