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The UK Space Agency has announced up to £65m of funding for innovations that could boost UK leadership in space technology.
The National Space Innovation Programme (NSIP) will support high-risk, high-reward projects designed by British organisations with the potential to accelerate the development of new space technologies, satellite applications and services.
The first tranche of up to £34m is open to proposals that will accelerate the route to market and catalyse investment into the UK space sector. The remaining funding will be split across further calls in 2024 and 2025, with projects running until March 2027.
George Freeman, Minister for Space at the Department for Science, Innovation and Technology, said: “Our space sector is constantly advancing thanks to pioneering new ideas from our world-class scientists and technologists that push the potential of British innovation at its best.
“Investing in these projects not only bolsters the UK’s seat at the table of the global space community, but it unlocks future business and job opportunities that will accelerate the growth of our nation’s £17.5bn space sector.”
Paul Bate, chief executive of the UK Space Agency, said: “In today’s interconnected world, space technologies have become critical to almost every aspect of our daily lives.
“The National Space Innovation Programme will support the UK’s most ambitious space technology projects and their potential to address real-world challenges, to catalyse investment, deliver new missions and capabilities, and harness the power of space to improve lives.”
Since its pilot launch in 2020, NSIP has provided UK organisations with over £25m.
NSIP funding will be split between both major projects and kick starter funding.
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