UK, Australian Space Agencies Agree to Develop a World’s First ‘Space Bridge’

NEWPORT, Wales (UK Space Agency PR) — The proposed ‘Space Bridge’, borne out of the highly successful ‘FinTech Bridge’ already in existence between the UK and Australia, will unlock greater collaboration between governments, regulators and industry.

The agreement, announced this morning at the UK Space Conference will further the ambitions set out in the Memorandum of Understanding signed by the two agencies in October 2018 and lay the foundations for swift and amicable negotiations for space-related opportunities under any potential future UK-Australia trading arrangements.

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Investment Minister Reinforces Support for Trade in Space Sector

Graham Stuart (Credit: Chris McAndrew)
  • Minister for Investment delivers a keynote speech at UK Space Conference in Newport
  • DIT announces support for £100m investment in Leicester Space Park that will create more than 2,500 jobs by 2020
  • Australian-UK Space Bridge to unlock growth and increase innovation in both countries

NEWPORT, Wales (UK Government PR) — On Tuesday, 24 September, the Department for International Trade’s (DIT) Minister for Investment, Graham Stuart, delivered a keynote speech at the UK Space Conference 2019 in Newport, Wales to reinforce the government’s commitment to boosting investment and exports in the UK space sector.

UK space exports are set to grow to £25bn in the next decade, meeting the industry and government target for space exports to make up 60% of the sector’s revenue by 2030.

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