Space Technology
The question
To ask the Secretary of State for Science, Innovation and Technology, with reference to the UK Space Agency's report entitled Size and health of the UK space industry 2024, updated on 20 August 2025, when she will publish data on the contribution of the space industry to (a) GDP and (b) GVA for (i) 2023/24 and (ii) 2024/25.
Answered by Kanishka Narayan
The ‘Size and Health of the UK Space Industry’ is an annual study published by UK Space Agency. This study includes a measure of GVA (Gross Value-Added) for the sector, as well as an estimate for the percentage share of GDP for activities underpinned by satellite services. Due to the lag in financial reporting, the 2026 report will cover 2023/24 data, and the data for 2024/25 will follow in 2027.
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