The government is ensuring the UK plays a leading role in the new space age as part of its modern Industrial Strategy, with new support for domestic satellite launch capability and space weather forecasting, as well as a new National Space Council to improve UK space strategy.
There are significant opportunities for the growing UK space sector as commercial space activity increases globally and the United States leads international efforts to return humans to the Moon by 2024.
Spaceport Cornwall and Virgin Orbit
The UK Space Agency and Cornwall Council intend to make available up to £20 million for Spaceport Cornwall and US launch operator Virgin Orbit to develop facilities and operational capabilities that would enable small satellite launch from Cornwall in the early 2020s. This investment remains subject to business case approval processes, including from Cornwall Council later this year.
The funding would consist of up to £12 million from Cornwall Council and up to £7.85 million from the UK Space Agency, including a contribution of £0.5 million from the Cornwall and Isles of Scilly Local Enterprise Partnership.
Spaceport Cornwall could create 150 jobs and enable the UK to compete for a share of the global market for launching small satellites worth a potential £3.9 billion to 2030. Launch from the UK will be an opportunity to inspire children and young people to take up careers in science, engineering or even as space entrepreneurs.