GTFS: Global Trends and Future Scenarios Index

Space Innovation and Growth Strategy 2014-2030: Space Growth Action Plan


Executive Summary (Introduction)

The Space Innovation and Growth Strategy, published in February 2010, created real momentum in the sector. It brought industry, academia and Government together around the common cause of driving economic growth and provided the foundation for a transition of the UK space sector from a niche industry towards a high-technology, mainstream, industrial and science sector. The report, and its subsequent implementation, transformed the landscape for the UK’s space sector. Furthermore, in a period characterised by spending austerity, it has acted as the focal point that underpinned increased Government commitment and investment in the sector. Industry is now turning that investment into economic growth and jobs. Indeed, it has sustained its decade-long growth trend, increasing by an average of nearly 9% per annum in real terms since the Innovation and Growth Strategy was published.