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Briefing
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- New Industrial Strategy – British government announced new industrial strategy investing in key sectors, allocating $67 million (£50 million) for space industry initiatives, such as new launch sites and vehicles development
- Space Industry Funding – Enables U.K. Space Agency to further collaborate with industry in developing new technologies, infrastructure and services, with improved launch capabilities operational by 2020
- Proposals Received – 26 proposals submitted following call earlier this year, with internal shortlisting and announcement of winners to be announced soon
- Expected Outcome – To establish U.K. as leading destination for space launch and increase global space market share to 10 percent by 2030, from current level of 6.5 percent
- Market Opportunity – Intends to take larger share in growing demand for smaller satellites estimated to be worth $33.66 billion (£25 billion) over next 20 years
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Accelerator
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Market Disruption
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Sector
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Government (excluding military)
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Organization
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U.K. Space Agency
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Source
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Original Publication Date
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November 28, 2017
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