£6 Million Boost for UK Space Technology Industry
The Government is to grant nearly £6 million to co-fund major new British research that will develop commercial products and services using space technology and data from space-based systems.
The grant funding, part of the National Space Technology Programme (NSTP) from the UK Space Agency and the Technology Strategy Board, will support four major research and development consortium projects to be led by Astrium Ltd, Avanti Communications Ltd, DMC International Imaging Ltd and Surrey Satellite Technology Ltd.
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The total value of the R&D, including contributions from the participating companies, is over £11.5 million. The portfolio of projects includes participation by 21 partner companies, universities and research organisations, including 7 SMEs.
Minister for Universities and Science David Willetts said: "The UK space industry supports thousands of high-tech jobs in the UK and is an important driver of economic growth. This £6 million investment will build on that success by helping some of the most innovative British businesses develop highly commercial, cutting-edge space technology that will be in demand in a growing global market."
Dr David Williams, Chief Executive of the UK Space Agency, said "These initial major projects springing out of the National Space Technology Programme are great examples of innovative and ambitious R&D in the UK space sector. By investing in these projects, we are securing our future national capability across the range of vital applications and services that space technology can provide."
Iain Gray, Chief Executive of the Technology Strategy Board, said: "We are delighted to support these exciting new projects, which will enable the development, commercialisation and exploitation of space technologies to address challenges and provide growth opportunities across a wide range of emerging markets."
The four projects will:
The investment forms the core part of the UK Space Agency's National Space Technology Programme (NSTP), which sees government investment of £10 million to help UK industry exploit growth opportunities in the space sector and improve the UK's space technology capabilities. Last month the UK Space Agency and the Technology Strategy Board announced investment of £2.5 million through the NSTP in twenty-eight short-term, fast-track research and development projects.
Source: UK Space Agency
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