LONDON, Aug 10 (APP):New figures published today by the United Kingdom (UK) Space Agency revealed that UK could compete in a high value market to launch an estimated 2,000 satellites by 2030.
On his first visit to the site of a new spaceport at Sutherland, UK Business Secretary
Greg Clark said that the spaceport could be worth 400 jobs to local Scottish economy
In July £31.5m of funding was announced to support the Sutherland spaceport.
This is a key part of the Industrial Strategy to ensure the UK thrives in the commercial space age.
Commercial vertical and horizontal launch demand is worth a potential £3.8 billion to the UK economy over the next decade and will support further growth of Britain’s space sector.
He commented that thanks to the UK’s location, planned regulatory framework, private
sector strategy and space ecosystem, Britain has a competitive advantage to compete for a
substantial share of a market for launching an estimated 2,000 small satellites by 2030.
During the visit the Secretary of State viewed plans for the spaceport site and held
discussions with local people and businesses to hear their thoughts.
Business Secretary Greg Clark said:
“From our market leadership in small satellite construction to our world leading universities Scotland and the UK comes from a position of strength in the global space sector which will be turbo boosted by the first new spaceport and our Industrial Strategy.