In recent years, the UK government has worked towards supporting innovation through investing in R&D. In line with this mission, the UK’s Space Agency is making available £50 million into space-related R&D in The Space Clusters Infrastructure Fund.
The fund is aimed at supporting the development of pioneering space products to help maintain the UK’s reputation as a space-faring nation. Specifically, the funding is available to industry and academia who are able to deliver projects to procure, build, or upgrade R&D facilities and equipment that will bring “high potential, high value” space technologies to market.
Applicants must submit project proposals for review by a team of independent experts. 5-10 projects will be selected and awarded match funding, receiving up to £10 million each.
The Agency says that 55 per cent of the cash will be awarded to companies outside of London and the south-east of England. The government has suggested that the projects should “provide critical anchor points at the local level for new businesses, investment, and research, and aim to create hundreds of jobs in areas of the UK that need it most.”
This funding represents the first fund dedicated to supporting the space industry and developing the R&D facilities key to growing space clusters across the UK. This step is crucial to generating investment, creating jobs, and enabling UK space companies.
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