The UK’s space sector has shown a remarkable dynamism in the past few years. According to the latest official figures, the sector’s revenue grew about 5.1% in 2021, outpacing the global space industry. This is even more impressive considering the UK’s economy declined over the same period.
And there is more to it than just the numbers. The new regulatory framework (the Space Industry Act 2018) intends to attract commercial launches from domestic and international companies, and help the UK join the exclusive club of countries with spaceport ground launch facilities.
