UK Space Agency
A new national industrial strategy unveiled by the British government Nov. 27 includes 50 million pounds ($67 million) to support development of new launch sites and launch vehicles.
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 awarded feasibility-study contracts to five industrial teams that want to operate orbital or suborbital launch vehicles from British territory on a commercial basis.
The British government’s spectacular increase in space investment since 2012 is showing signs of losing steam as a new set of government leaders rethinks the sector’s potential in driving economic growth, British industry officials said.