UK civil space strategy aims to capture 10% of the global market by 2030

by Staff Reporter | July 11th, 2012

David Willetts, minister for universities and science, UK

The ‘Civil Space Strategy’ setting out the direction for the UK space sector over the next four years has been launched at the Farnborough International Airshow. The strategy sets out the UK Space Agency’s framework supporting the growth of the sector over the next four years.

With growth rates of 7.5% over the 2010/2011 period, the space sector is a rare bright light in a difficult economic climate. The Civil Space Strategy lays out how the UK Space Agency will work with partners both at home and abroad to build capabilities in the years to come. The strategy emphasises driving space to generate economic growth in downstream services derived from space, while maintaining excellence in science and the ability to build and operate satellites.

The Civil Space Strategy was formally launched by the Minister for Universities and Science to the international space community, gathered for Space Day at Farnborough. David Willetts, minister for universities and science, commented in his speech:

“The bigger picture, of course, is making sure that space continues to be a key enabler of economic growth – and that’s the central goal of the revised civil space strategy. The document, covering the next four years, focuses on creating new opportunities for industry, bolstering the role of space in the UK’s infrastructure and furthering the national space technology programme.”

This strategy sets the approach the agency will take in order to meet the ambitious targets for capture 10% of the global space market by 2030.

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