UK space sector set for boost with new £1.5m innovation investment programme

UK SMEs specialising in space tech have been urged to take advantage of a new £1.5m funding pot to develop ‘pioneering’ technology.

The UK Space Agency has unveiled its Space Exploration programme today (July 30), and has invited businesses across the space sector to bid for funding of up to £500k.

The funding will help companies develop technology that will support and advance robotic and human exploration of Low Earth Orbit, the Moon and Mars.

Proposals could include a range of ideas, including the development of space-based nuclear power, technology that supports human and robotic exploration, technology to support potential future exploration missions and techniques for extracting mineral resources in space.

Sue Horne, head of space exploration at the UK Space Agency, commented: “Exploration of Low Earth Orbit and our surrounding celestial neighbours delivers important breakthroughs that advance our understanding of the universe, opens up economic possibilities and make life better back on Earth.

“The UK has provided expertise and equipment to some of the most high-profile space missions of recent times. This funding will help our world-class space sector kickstart new technological successes, allowing us to explore our solar system further.”

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