UK Space Agency announces new funding for industry
Grants are being offered to the UK space sector to come up with innovative new technology.
Organised by the UK Space Agency and European Space Agency¬†grants of ‚Ç¨200,000 are being offered¬†to the UK space sector to come up with innovative new¬†technology.
The grants are a¬†new way of applying for funding for technology developments under ESA‚Äôs General Support Technology Programme (GSTP) which has existed for nearly 25 years. ¬†The new funding is aimed at smaller ‚Äòentry level‚Äô projects, in both upstream and downstream, capable of de-risking technologies, and¬†is in addition to existing GSTP project opportunities and activity in the UK, not affecting other engagement with the programme.
This new route to GSTP funding allows those interested in the programme to propose a project for development in their area of interest directly to UK Space Agency and ESA. In turn the Agency will be able to fund some of these new ideas straight away, and it is hoped continue discussion on other promising ideas with a view to future development.
Dr Graham Turnock, Chief Executive at the UK Space Agency, said:
‚ÄúThe GSTP has proven to be a successful way of building know-how and capabilities in the industry and this latest funding will help keep the UK at the forefront of technological innovation.
‚ÄúThe Government‚Äôs recently published Industrial Strategy set out a clear vision for the UK to become the world‚Äôs most innovative nation and we are working with industry to capture 10% of the global space market by 2030.‚Äù
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