News

UK space sector to benefit from multimillion-pound investment

The UK space industry will benefit from a £92 million investment to create an alternative to the EU’s Galileo satellite navigation system. This investment is designed to ensure UK security post Brexit.

What is the Government investing in?

 

The UK Government has announced that it will invest £92 million of the £3 billion Brexit readiness fund to create an independent UK satellite navigation system if the UK is excluded from the Galileo system post Brexit. Galileo – which is due to be launched in 2020 – is a European satellite navigation system, designed to be an alternative to the US-based GPS system. It will have civil and military variants and requires 24 satellites to be operational.

An 18-month planning process will commence in the coming months to plan the design and development of the UK programme.

Business Secretary Greg Clark said:

“Britain is a world leader in the space industry and satellites. We are investing in an alternative option to Galileo to ensure our future security needs are met using the UK’s world-leading space sector.”

 

Security threat

 

Defence Secretary Gavin Williamson hinted that the space sector is transforming:

“The danger space poses as a new front for warfare is one of my personal priorities, and it is absolutely right that we waste no time in going it alone if we need an independent satellite system to combat those emerging threats. This alternative system and the UK’s very first Defence Space Strategy, which I will launch later this year, will be a further boost to military skills, our innovative businesses and our genuinely world-leading role which has seen us make such a key contribution to Galileo.”

 

Growing aerospace sector

 

At the end of August, the European Space Agency’s (ESA) revolutionary British-built wind measuring spacecraft Aeolus was launched. This led Mr Clark to say:

“Britain has the skills, expertise and commitment to create our own sovereign satellite system and I am determined that we take full advantage of the opportunities this brings, backed by our modern Industrial Strategy.”

 

Winning aerospace tenders

 

With this huge investment into the UK space industry, there has never been a better time to explore the aerospace contracts available to your business.

If you would like more information on tendering for aerospace tenders, request a demo with a DCI defence expert.

 

Who are we?

From publishing the first national directory of public sector contracts, to being the first to market with our online Tracker solution, we have been the true pioneers of technology and innovation in the public sector marketplace. Throughout our 39 years, we have continued to evolve and chart new territory – placing our customers at the heart of everything we do. Take your business to the next level with Tracker now.

If you request a demo today!

Download your Free UK Defence Industry Report

Get SAAS-Y This Summer with DCI

A member of our sales team will give you a call to discuss your business with you and create a demo personalised to your business and sector needs.

Start Your Free Trial Today

Download your Free UK Defence Industry Report

Download your Free UK Defence Industry Report

When you sign up for a 3 day free trial or demo.

Limited time only

    BiP Solutions owns DCI and we look after your details carefully. We offer a range of products, services and events (some of which are free) that help buyers tender more efficiently and suppliers find, bid for and win public and private sector contracts. Only tick this box if you wish to receive information about these. We will never share your details with third parties and you will have the opportunity of opting out of communications every time we contact you. For further details, please see our Privacy Policy