Objectives of the group
The Space Industry enables global communications, broadcasting, satellite navigation, weather forecasting, climate monitoring and a host of other key services.
The UK Space Industry continues to grow faster than the UK economy as a whole. With turnover of around £6 billion and productivity per employee more than four times the UK average, the Space Industry makes a significant contribution to the UK economy. The industry has high levels of capital and R&D investment and a highly skilled workforce in both Space Prime Contractors and SMEs.
Background to sector group
In November 2008, agreement was reached to establish a European Space Agency facility at Harwell in the UK. This initiative will provide a further boost to an already high growth sector. The focus at this facility will be on robotics, climate change/climate monitoring and Integrated Applications which will not only create opportunities within the Space sector, but in related industry sectors.
FAC and SCENS are working with the other UK Regional Development Agencies and with National, European and International organisations to bring real benefits to members.
The Space Innovation and Growth Strategy 2013: Accelerating Space Enabled Growth Consultation was recently published.
This incorporates most of the regulatory recommendations resulting from the Theme 6 (Regulation) IGS Restack questionnaire that many of you kindly responded to. For further information, please see below recommendations (Annex 1) and report (Annex 2).