UK space infrastructure gets £50 MILLION government funding

UK Space News

The UK government has recently launched the first dedicated fund to build space infrastructure, with an impressive investment of £50 million.

The fund aims to propel the country’s space industry to new heights and strengthen its position in the global space race.

This strategic move is expected to foster innovation and drive economic growth by advancing satellite technology, spaceports, and launch capabilities.

The government hopes that this investment will attract private sector contributions and create numerous job opportunities within the burgeoning space sector.

The fund’s launch signifies the UK’s commitment to advancing space exploration and positioning itself as a leading player in the field.

“The UK space industry – worth £17.5 billion to the UK economy and creating new companies and careers all around the country from Glasgow Space City to Spaceport Cornwall – is a key part of the UK Innovation Economy.” – George Freeman MP

Apply to for the UK Space Agency’s SCIF funding here