UK Space Agency: Finance

Department for Science, Innovation and Technology written question – answered at on 7 August 2024.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask His Majesty's Government what steps they are taking to ensure that the funding and resources allocated to the UK Space Agency are being effectively used to maximize the benefits of the UK’s membership in the European Space Agency.

Photo of Lord Vallance of Balham Lord Vallance of Balham Minister of State (Department for Science, Innovation and Technology)

The Government maximises the benefits of its ESA membership through active participation in ESA boards and committees; and a range of initiatives to boost competitiveness and opportunities for UK industry, including the UKSA-ESA Industrial Policy Task Force.

This has secured over €60M of additional contracts for the sector since 2022; plus the ESA Business Incubation Centre's €3.4M investment which supports small and medium enterprises; and free bid-writing workshops.

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