Space Sector Export Academy set up

The government is setting up the Space Sector Export Academy to upskill space-sector businesses while the Leicester Space Park is to become a High Potential Opportunity (HPO) for foreign investors.

The Space Sector Export Academy will provide training to SME space businesses and increase international trade, investment skills and knowledge.

Support for the Leicester Space Park as a HPO for foreign investors continues – the HPO scheme identifies opportunities to attract foreign direct investment into emerging sectors and regions

The moves are designed to build on UK space exports which were worth £5.5 billion in 2019 – representing a third of the the sector’s total revenues.

The space sector currently employs around 42,000 people in the UK and supports approximately 15% of the UK’s wider GDP through space-based services.

See also: UK gets a Space Sector Landscape Map