in Space

UKspace welcomes the Space Industry Bill passing into law

Posted 15 March 2018 · Add Comment

UKspace welcomes the passing into law of the Space Industry Bill which not only puts in place the enabling legislation to allow space flight from UK soil, it also modernises the existing UK space law keeping pace with technology trends and the rapid commercialisation of the space sector.



The UK space sector is a real success story, enjoying an average 6.5% annual growth rate over the last decade and currently employing 35,000 people and contributing £14 billion to the UK economy, with the ambition to reach £40 billion by 2030.

In parallel to this new legislation, the space industry is working with its academic partners and government stakeholders in a Space Growth Partnership, where together we are developing the growth strategy for the next decade. As part of the Government’s Industrial Strategy, we are proposing a Sector Deal for space, which amongst other things proposes a National Space Programme to accelerate growth in the UK, to attract inward investment and new start-ups, and to enable international partnerships as a Global Britain.

UKspace Chairman, Richard Peckham, said: “With the sector undergoing a commercial revolution, with the global competitive environment rapidly changing around us and with Brexit around the corner, this is the perfect time to signal to the world that the UK means business in space. This new legislation puts the UK onto the front foot as we aim to attract new investors into the UK and help to start-up new and grow existing UK space companies.

“Enabling space flight from the UK not only establishes new lines of business for UK companies, it is also an enabler for the UK’s established strengths in satellite manufacturing and satellite applications and services.”



 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Aerospace industry adaptation

Neil Cayley, Lead Consultant at Jonathan Lee Contract Recruitment, explores current issues affecting the aerospace industry and explains why adaption is vital to meet the challenges that lie ahead.

Esriís ArcGIS Online to provide info platform for Autonomous Warrior 2018

Esri UKís cloud-based mapping and analytics platform, ArcGIS Online, will provide the vital information integration and collaboration platform for Autonomous Warrior, part of the 2018 Army Warfighting Experiment (AWE) series.

Peli opens new offices in Ankara

As part of its continued growth in the EMEA region, Peli has announced that it is opening new offices in Ankara, Turkey.

Royal Navy helps STEM event go with a Big Bang

The Royal Navy recently brought their engineering expertise to Perth when they participated in a major Science, Technology, Engineering and Maths (STEM) event.

CAA announce airspace restrictions for RAF100 flypast

The UK Civil Aviation Authority (CAA) has announced a series of airspace restrictions to protect the flypast in July to commemorate 100 years of the Royal Air Force (RAF).

Gulf Airís twice daily London-Bahrain service takes off

Gulf Air has launched its twice daily Boeing 787-9 Dreamliner service connecting Bahrain International Airport and London, Heathrow.

ODU SK191217191218
See us at
FIL18 BT111017220718AdvancedEngin BT1406011118SMIFAVSBT151118DVD18BT3105200918SMI GMSCBT3005081118