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, , 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.”
Minister for Investment, , said:
“Too few people are aware of the success and significance of the
UK space sector or its vast potential for future growth. The
Government welcomes this contribution from the UK space industry
and is determined to support our emergence as a commercial space
service hub with an increasing global market share backed by new
partnerships in science and trade.”
Andy Green, Chair of the Space Sector Council and President of
UKspace, added:
“This sector-led strategy sets out the ambition of the companies,
institutions, academics and entrepreneurs of the UK’s space
sector. Space delivers tangible benefits to everyone in the UK,
improving communications, travel and security amongst much else.
We will build on our successful partnership with Government to
create high value jobs and growth across the UK for the benefit
of all. I thoroughly commend this strategy to the Government.”
- Space sector productivity is nearly three times the national
average, with a skilled workforce creating £140,000 of value per
person
- Year-on-year growth is five times greater than the wider
economy since 1999
- £415m has been invested by industry in research and
development in 2014-15 alone
- 36.4% of turnover is generated by exports
- The space sector has tripled in value since 2000
