VEGA welcomes establishment of UK Space Agency

24 March 2010 – VEGA, a Finmeccanica company, has welcomed plans to launch the new UK Space Agency on 1 April 2010, and the Government’s response to the recently published Space Innovation and Growth Strategy (IGS).

 

The Space Innovation and Growth Team (Space IGT) is a joint collaboration between industry, Government and academia. In its Strategy, the IGT set out a 20-year plan for the UK’s Space activities, and a clear vision for the UK to grow its share of the expanding global Space market from 6% to 10%, creating a domestic industry worth £40bn per annum and providing 100,000 new jobs, by 2025.

 

Yesterday, Lord Mandelson, who presented himself as “Secretary of State for Outer Space”, was wholly supportive of the new agency, as was Lord Drayson, the Science and Innovation Minister, Jean Jacques Dordain, Director General of the European Space Agency, and other Government and industry officials.

 

VEGA has been at the heart of the IGT, working with other industries and Government, lobbying to gain the recognition and support for the UK Space sector.

 

John Auburn, VEGA’s Business Director for Space, said: “Yesterday was a momentous occasion for the UK’s Space industry. After many years of lobbying, the Government has formally acknowledged its support of the UK’s Space sector, and the creation of the UK Space Agency is the first step. Until now, Space activities have been split between various Governmental departments, each with their own budget and agenda. Now there will be one co-ordinated and focussed body that will help build the UK’s Space industry and meet the challenging targets set in the IGT report.

 

“I believe the development and investment in the new International Space Innovation Centre (ISIC) at Harwell is also a very positive step forward. The ISIC plans to exploit data generated from Earth Observation satellites, use Space data to understand climate change, and advise on security and resilience of Space systems and services.”

 

 

Further information

For further information, please contact Karen Rogers on karen.rogers@vega.co.uk.