UK space sector to benefit from ESA's £1.7bn funding boost

UK space industry set for major boost with £1.7bn ESA investment

The UK space industry is set for major growth as a new £1.7bn investment in ESA programmes boosts innovation and long-term economic returns. The post UK space industry set for major boost with £1.7bn ESA investment appeared first on Innovation News Network.

UK space sector to benefit from ESA's £1.7bn funding boost

A new £1.7bn investment package has been confirmed for European Space Agency (ESA) programmes that will go towards contracts for UK industry and universities. Agreed at the ESA Council of Ministers in Bremen, Germany, the new funding brings the UK’s current level of support for ESA programmes to £2.8bn over the next decade. The UK Space Agency has become a core element of the government’s industrial strategy and economic growth goals, having abs…