The government is ensuring the UK plays a leading role in the new space age as part of its modern Industrial Strategy, with new support for domestic satellite launch capability and space weather forecasting, as well as a new National Space Council to improve UK space strategy.
There are significant opportunities for the growing UK space sector as commercial space activity increases globally and the United States leads international efforts to return humans to the Moon by 2024.
The UK Space Agency and Cornwall Council intend to make available up to £20m for Spaceport Cornwall and US launch operator Virgin Orbit to develop facilities and operational capabilities that would enable small satellite launch from Cornwall in the early 2020s. This investment remains subject to business case approval processes, including from Cornwall Council later this year.
The funding would consist of up to £12m from Cornwall Council and up to £7.85m from the UK Space Agency, including a contribution of £0.5m from the Cornwall and Isles of Scilly Local Enterprise Partnership.
Spaceport Cornwall could create 150 jobs and enable the UK to compete for a share of the global market for launching small satellites worth a potential £3.9bn to 2030. Launch from the UK will be an opportunity to inspire children and young people to take up careers in science, engineering or even as space entrepreneurs.
Business Secretary Greg Clark said: “Space is not only about pushing the boundaries of human knowledge, it is a rapidly growing sector of our economy which plays a key role in our modern Industrial Strategy, promotes global Britain and ensures our national security.
“These exciting plans from Spaceport Cornwall and Virgin Orbit to make horizontal launch a reality from Cornwall will help further our position as a leader in the new space age.
“Alongside our commitment to the proposed vertical launch spaceport in Sutherland, this is making the UK the most attractive place in Europe for those looking to Earth’s orbit and beyond.”