HARWELL, UK, 27 November 2019 (UKspace PR) – UKspace has welcomed today’s announcement by the UK Government that it will increase its funding commitment to the European Space Agency (ESA) by more than 15% from its current contribution to £374 million per year.
The timing of the announcement coincides with the ESA Ministerial Summit which began in Seville today.
“We are extremely encouraged by the UK Government’s renewed investment in ESA and the associated European space programmes,” said UKspace Chair, Graham Peters.
“As we stated in our recently-published UKspace 2020 Manifesto, ESA funding provides the assurance we require to plan and deliver, since space is a long-term business. Previous spending through ESA has always delivered excellent returns for UK business, and this commitment will enable our sector to continue developing and manufacturing the space technologies, capability and supply chains needed to secure the UK’s role in the global space market.”
Graham added: “For the UK space industry to continue its upward curve – which has seen it secure more than 5% of the global space economy in recent years – ongoing Government support is critical. Looking ahead, we hope that this decision will be further backed up by the establishment of a National Space Programme designed to ensure the UK space sector plays an increasingly prominent role in the global space market, building cross-country partnerships and exporting knowledge and equipment.”