Space Technology
(asked on 9th May 2023) - View Source
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, what estimate her Department has made of the (a) size and (b) growth rate of the commercial space and satellite sector in the UK in (i) the 2022-23 and (ii) each of the last three financial years.
The Department is committed to supporting the growth of the commercial space and satellite sector in the UK. Data on the size and growth rate of the commercial space and satellite sector in the UK is currently unavailable for 2021-22 and 2022-23. The Department is committed to publishing updated figures as they become available.
The latest data available for the previous three financial years is set out in the table below. The figures and growth rates are inflation-adjusted based on 2020/21 prices.
Year | UK space industry income, 2020/21 prices (£m) | Real growth |
2018/19 | 16,883 | 5.8% |
2019/20 | 16,632 | -1.5% |
2020/21 | 17,475 | 5.1% |