The UK Space Agency has awarded just under £150,000 to three business incubation centres across the UK which will support entrepreneurs and small companies in the space industry.
The Agency is working with UK industry to deliver world-class science innovation support, in line with the Government’s Industrial Strategy, which emphasises the importance of science, innovation and skills.
The business incubation centres in the Solent, Scotland and the South West of England, will support start-up companies by providing advice and support, giving access to facilities and resources and collaborating on events and initiatives with other business incubators.
The space sector is a UK success story, with growth averaging over 8% a year over the last decade, a turnover in excess of £11 billion a year and ambitious plans to achieve 10% of the global space market by 2030. Much of this growth is anticipated to come from companies using space-derived data or services in a broad range of different sectors.
Helen Roberts, Regional Growth Manager at the UK Space Agency, said: “We are delighted to extend the network of incubators supporting space sector start-ups to cover even more of the UK. These new business incubators add to the existing network of SETsquared, Leicester Dock, UNIP in Nottingham, Loughborough University, Business Durham, Science and Technology Facilities Council (STFC) at its Daresbury Laboratory site, Glyndwr Innovations in St Asaph, North Wales and the European Space Agency’s business incubator at Harwell. We look forward to working with them and seeing them help exciting new businesses to develop and flourish.”