The Space Innovation and Growth Strategy (IGS) has outlined its ambition to bolster the UK’s ability to be a leader in the space sector and raise its global market share to 10% of the predicted £400 billion by 2030.
Space directly supports an estimated 37,000 jobs, distributed across the UK. The total employment supported including indirect and induced effects is more than 115,000 jobs. The UK captures 6.3% to 7.7% of the global space economy turnover, growing on average 8.8% per annum since 1999/00 and 8.6% since 2008/09 to reach a turnover of £11.8bn in 2012/13. Its contribution to the UK GDP is on par with that of passenger rail transport and motion picture production. It is imperative that the UK satellite/space industry receives greater government support to continue its growth strategy without any hurdles or setbacks.
The Satellite Applications & Services programme has been designed to help member companies maximise their business potential, reach new areas and markets, identify and resolve issues that may arise as a result of change in government, policies, regulations, technology and even consumer demand and behaviour.
techUK's Satellite Applications and Services programme has been designed to help members:
Reduce Business Risk and Cost
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