A British company has released new details about a small satellite launch vehicle it expects to have ready in the next few years, part of a growing number of ventures seeking to build and launch rockets from the country.
The consortium has met with local officials and submitted a proposal to the U.K. Space Agency, with a goal of having the facility operational by 2020.
The UK Space Agency said the grants are worth up to £10 million ($12.5 million) but launches must begin by 2020.
The British government has emphatically endorsed its investment in the 22-nation European Space Agency and rejected a parliamentary proposal that its space budget be more evenly divided between ESA and a national program.
The British government has awarded feasibility-study contracts to five industrial teams that want to operate orbital or suborbital launch vehicles from British territory on a commercial basis.