LONDON (UK Government PR) — The UK’s space sector has seen significant growth in income, exports and employment with total income now standing at £14.8 billion [$19.4 billion], Science Minister Chris Skidmore announced today.
The main findings from the independent ‘UK Space Industry: Size and Health Report’ show that, compared to the 2016 survey:
- income up from £13.7 billion to £14.8 billion [$18 billion to $19.4 billion]
- employment up from 38,522 to 41,900
- exports up from £5 billion to £5.5 billion [$6.6 billion to $7.2 billion]
The report also shows that an average of 39 new companies have been added to the UK space sector every year since 2012.