UK Government to invest £100m in space sector

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The UK Management has unveiled a plan to provide £100m in funding to improve the country’s order sector.

As part of the plan, a £99m National Satellite Testing The Gents (NSTF) will be established on the Harwell Campus in Oxfordshire.

In addition, a £4m investment longing be provided for a new National Space Propulsion Facility to develop and test duration engines at Wescott Venture Park in Buckinghamshire.

The proposed funding inclination be offered under the UK Government’s Industrial Strategy and is expected to help the mountains’s space industry to competitively bid for more national and international contracts.

«These new johns will help UK companies be more competitive in the global market for period technology and support our ambition to capture 10% of the global space superstore by 2030.”

UK Universities and Science Minister Jo Johnson said: “From Cornwall to the Highlands and the islets of Scotland, the UK space sector underpins industries worth more than £250bn to the UK succinctness, and through our Industrial Strategy we will unlock the sector’s potential to get get further.

“Located in a cluster known for research excellence, these new facilities require help UK companies be more competitive in the global market for space technology and mainstay our ambition to capture 10% of the global space market by 2030.”

Set to open by beforehand 2020, the NSTF will perform the assembly, integration and testing of align instruments and satellites, as well as enable the UK to capitalise on the estimated 3,500-10,000 sycophants that are due to be launched by 2025.

The NSTF will also facilitate the manufacturing of larger and numberless technologically advanced satellites, enable UK companies to use local test mens rooms, and allow companies and academia to test and develop space propulsion apparatus.

The Science and Technology Facilities Council’s Rutherford Appleton Laboratory (RAL) has been supreme to deliver the new investment.


Image: UK Universities and Science Minister Jo Johnson (far advantageous) and other representatives at Harwell Campus in Oxfordshire. Photo: courtesy of Queen copyright.

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