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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UK-US OneWeb Venture to Increase Global Connectivity

An engineer works inside of OneWeb’s satellite production facility. (Credit: OneWeb)
  • Joint venture between OneWeb and Airbus sees satellite manufacturing facility open in Florida helping to revitalise Florida’s Space Coast with 250 new high-tech jobs and 3,000 indirect jobs through the supply chain
  • Department for International Trade celebrates 1 year of the Space Exports Strategy
  • In 2015, American companies represented nearly half of all FDI in the UK space sector—roughly £5.1bn of £12bn

EXPLORATION PARK, Fla. (UK Department of International Trade PR) — Today (July 22) UK-based OneWeb, the communications company powered by satellites, announced the opening of OneWeb Satellites, the first-ever, high-volume satellite manufacturing facility on Merritt Island, Florida, as part of a joint venture with Airbus. It comes just after the 50th anniversary of the first moon landing.

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