Space Technology
The question
To ask the Secretary of State for Science, Innovation and Technology, what assessment she has made of the potential impact of the UK Space Agency’s expenditure on supporting the growth of the UK space industry.
Answered by Kanishka Narayan
The Government is committed to supporting the growth of the space sector and thereby the economy. The UK Space Agency and the Department for Science, Innovation and Technology catalysed £2.2 billion in investment and revenue for the UK space sector in 2024/25 alone, through various programmes.
This includes European Space Agency (ESA) programmes. ESA receives approximately 70–75% of the UKSA’s annual budget, and the UK has committed £1.84bn between 2022 and 2027. The latest evaluation estimates that every £1 public investment in ESA programmes leads to £7.49 directly benefiting the UK economy.
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