LONDON (UKSA PR) — The UK Space Agency is set to further boost the growth of the UK’s space sector with an extra £25 million [$39.5 million] announced today for its National Space Technology Programme (NSTP). The extra money will be used to drive the development of commercial products using space technology and services utilizing data from space-based systems.
The announcement was made today (24/01/13) by the Minister for Universities and Science in a major speech at Policy Exchange. In his speech, David Willetts set out details of how the £600 million announced for science in the Autumn Statement will support activity in eight key sectors: big data, space, robotics and autonomous systems, synthetic biology, regenerative medicine, agri-science, advanced materials and energy.
Working hand-in-hand with other UK Space Agency programmes, as well as academic, industry and public sector partners, the goal of the NSTP is to advance UK technologies to higher technology readiness levels (TRLs). This will support UK industry’s ability to accelerate innovation, expand sales in the commercial space market and reinforce the UK position as a stronger player in future international space programmes, including those of ESA.
Details of how the new investment will be made available will be released shortly.