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09/11/2012
UK Space Spend Rockets
Spending on space technology will increase by £60m per year over the next two years as part of the plan to increase the UK's contribution to the European Space Agency, according to Chancellor George Osborne.
He made the announcement as part of a a speech to the Royal Society, calling for a national debate on where the UK can lead the world in scientific excellence.
The move is part of a government plan to attract more hi-tech jobs and contracts to Britain.
The Esa investment will increase the UK's contribution by an average of 30% at a time. It is hoped Britain will receive more research contracts in return, boosting our competitiveness in space to growing global products and services sales.
(GK/IT)
He made the announcement as part of a a speech to the Royal Society, calling for a national debate on where the UK can lead the world in scientific excellence.
The move is part of a government plan to attract more hi-tech jobs and contracts to Britain.
The Esa investment will increase the UK's contribution by an average of 30% at a time. It is hoped Britain will receive more research contracts in return, boosting our competitiveness in space to growing global products and services sales.
(GK/IT)
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