UK space industry sets out vision for growth

Posted on: 05/07/2018

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

The Space Growth Partnership (SGP) has published its ‘Prosperity from Space’ strategy document setting out its vision for enhanced growth in the UK space sector over the next decade.

Building on the sector worth £13.7bn to the UK, with 36% of revenue from exports, the strategy focuses on four sector priorities:

  • Earth information services including navigation, analytics and security
  • Connectivity services ‚Äì global connectivity anywhere from any device
  • In-space robotics ‚Äì for science enterprise, consumers
  • Low-cost access to space

Published by the Space Growth Partnership on Friday 11 May 2018, 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).

Andy Green, Chair of the Space Sector Council and President of UKspace, stated:

“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.”

Read the full document here.

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