UK Space Agency: Finance
(asked on 24th July 2024) - View Source
Question to the Department for Science, Innovation & Technology:
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.
Answered by
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.