New support for UK space hubs
Thursday November 19th, 2020
Space and Satellite companies in the Enterprise M3 LEP area are to receive a significant boost from the UK Government’s Space Agency with a £70,000 grant to help grow the cluster.
The EM3 network of space and satellite businesses is currently valued at £9bn and has over 180 companies engaged in high-tech innovative work, employing more than 3000 local people.
Over the next six months the LEP, local government, industry experts and business leaders will come together to look at how the area can take advantage of the opportunities of the commercial space age, identify current strengths and set a strategy for growing the region’s sector further.
“The UK’s space sector has shown incredible resilience to the coronavirus pandemic and will continue to play a key role in our recovery – from creating high quality jobs to finding unique ways to support our NHS. This funding will arm local leaders up and down the UK with the tools they need to put their local areas at the front of the commercial space race, while refuelling the tank of the UK economy and helping Britain realise it’s ambitions as a global space superpower.” said Amanda Solloway MP, Science Minister.