These regional hubs, known as space clusters, will support new and growing companies, building on local expertise and catalysing investment into the space sector.

Over 600,000 pounds will go towards supporting activities that create jobs and growth, including recruiting space cluster managers, to strengthen local space sector leadership groups and developing new business opportunities.

The funding comes as the Government is set to unveil its flagship Levelling Up White Paper later today, setting out a plan to transform the UK by spreading opportunity and prosperity to all parts of it.

Space plays a pivotal role in our daily lives and is already a vital part of the UK economy, worth over 16 billion pounds per year. However, the balance of investment and jobs is skewed towards certain regions.

The government recently launched its?National Space Strategy?which outlines its long-term plans to grow and level up the space sector across the UK.

Dr Paul Bate, Chief Executive of the UK Space Agency, said: "The National Space Strategy sets out a vision for ensuring we have a thriving, resilient and well-connected space ecosystem across the whole of the UK.

"We are building on our strengths in space such as satellite manufacturing, while supporting emerging markets like in-orbit servicing, to unlock the growth in the UK space sector and help level up the economy."

Will Whitehorn, President of the trade association UKspace, said: "Additional grants of this nature are hugely important in helping to communicate the potential for the growing 'New Space' economy. Monitoring and understanding our world from space has already become crucial to our survival.

"Now industrialisation in space will be driven by the need to get to Net Zero and mitigate climate change by shifting more and more carbon generating digital activities outside the atmosphere, and even producing solar power in space. The opportunities these activities will bring to the UK should not be underestimated, from space launch to digital services and even infinity and beyond!"

There is also an urgent need for continuing significant investment by government and the private sector if these goals are to be achieved and the UK is able to move into the top tier of nations leading the industrial revolution in space.

Related Links
UK Space Agency
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