UK Space Agency’s Post

We're making £65 million available for ground-breaking projects at the forefront of UK space innovation. 🛰️ Our National Space Innovation Programme(NSIP) will support high-risk, high-reward projects that will tackle our greatest challenges, from boosting connectivity in remote areas to climate change. 🌍 Since its pilot launch in 2020, NSIP has provided UK organisations with over £25 million in funding, including: SatVu used NSIP funding to develop the first Middle Wavelength Infra-Red satellite - launched in June 2023 - that is tracking heat emissions from buildings, helping fight climate change. 🛰️🏘️ Northumbria University used NSIP funding to build a new system that allows satellites to communicate via lasers, which will support future space science missions. 📡🛰️ Read more and apply for NSIP funding 👉 https://lnkd.in/exYjvFBP Rob Desborough, Managing Partner at investment company Seraphim Space, said: "The UK has a thriving SpaceTech ecosystem, over $47 billion of private capital has been invested across the global space sector since 2015. The UK accounted 17% of this, making it the second most attractive destination - only behind the US. Mechanisms like this are critical for the UK to maintain its prominence in what is now a globally competitive market worth in excess of $1 trillion by 2030." John Hanley, Chair of the trade association UKspace, said: "The UK space sector is one of the most research-intensive parts of our economy – with almost £800 million reported spend on R&D in the last Size & Health study. The UK Space Agency’s National Space Innovation Programme is hugely important as a catalyst for further industry investment to develop new and improved commercial products and services – driving growth across the whole of the country."