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New business incubators will help space industry grow

Thursday December 7th, 2017

The UK Space Agency has announced £200,000 of funding for 4 new business incubators to boost the number of start-up companies in the space sector across the UK (December 7th).Government Opportunities

The incubators, in Buckinghamshire, Hampshire, Leicestershire and London, will provide world-class science innovation support for entrepreneurs and small businesses to help grow the UK space industry.

The funding follows the launch of the government’s Industrial Strategy, which includes a £50 million programme to enable new satellite launch services and low gravity spaceflights from UK spaceports, to boost the economy and inspire the next generation of scientists and engineers.

UK Space Agency Chief Executive, Dr Graham Turnock, who made the announcement at the STFC RAL Space Appleton Space Conference at Harwell in Oxfordshire, said:

“The funding for these new business incubators will see the excellent network of support we have in the UK expand and provide further opportunities for exciting start-ups in the space sector, with 15 incubators working across 22 locations.

The Industrial Strategy underlined the government’s commitment to make Britain the best place to start and grow a business, with prosperous communities across the UK. Supporting new businesses across the UK is central to reaching our ambition of capturing 10% of the global space market by 2030 and I am sure these new incubators will have a fantastic impact.”

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