UK Space Agency Funding for International Space Partnerships
April 17, 2023 | UK Space AgencyEstimated reading time: 2 minutes
The UK Space Agency is launching a £20 million fund to support international partnerships that will harness the UK’s national strengths, support new space capabilities and catalyse investment.
Up to £2 million will initially be available from the International Bilateral Fund (IBF) to help strengthen the space sector’s partnerships with other space nations, with further funding to be made available over the next two years, it was announced on the opening day of the Space Symposium conference in the US (17 April 2023).
The IBF is the UK Space Agency’s first dedicated fund focused on building and strengthening the UK’s relationships with strategically important international partners and partners from emerging space nations.
The funding is available to industry, academia and research organisations to work with international partners on projects that could help, for example, bring new services to market or support cutting-edge research.
Minister of State at the Department of Science, Innovation and Technology, George Freeman, said: "The global commercial space tech sector is growing fast creating big opportunities for the UK to convert our longstanding space science excellence into a fast-growing commercial industry. That’s why we set out a commitment in our 10-year National Space Strategy to make the UK one of the world’s most innovative and attractive space economies - through our £2 billion public investment and through deepening international partnerships in areas like Earth observation, space debris and space traffic control. Backed by £20 million in government funding, these international partnerships will boost our commercial and scientific endeavours as we work with some of the world’s most dynamic space economies, creating more jobs and generating investment in the UK."
This first tranche of funding will support approximately 30 projects, with up to £75,000 each, which will be overseen by the UK Space Agency in collaboration with the Science and Technology Facilities Council (STFC).
These projects will build relationships between UK organisations and international counterparts and stimulate knowledge exchange, engagement and collaboration.
Successful phase one proposals could then secure a second tranche of IBF funding, where up to £1.5 million will be available for a period of 12 months to catalyse innovation across international partnerships.
Dr Paul Bate, Chief Executive of the UK Space Agency, said: "Successful international partnerships support our work to catalyse investment, deliver new missions and capabilities, and champion the power of space to improve lives. This new fund will help unlock cross-border innovation, promote the exchange of knowledge, and strengthen the UK space sector’s relationships with strategic partners. Together we can maximise the vast potential of space to benefit people and businesses on Earth."
The UK Space Agency is particularly interested in proposals involving the USA, Canada, Australia and Japan, but will consider strong proposals from elsewhere in the world.
Suggested Items
PC Client CPU Shipments in 1Q24 Up 33% YoY
05/10/2024 | Jon Peddie ResearchJon Peddie Research reports the growth of the global PC client-based CPU units market reached 62 million units in Q1’24, a decrease of -9.4% quarter to quarter and a 33% growth from Q1’23.
MKS Instruments Reports Q1 2024 Financial Results
05/09/2024 | MKS Instruments, Inc.MKS Instruments, Inc., a global provider of enabling technologies that transform our world, reported first quarter 2024 financial results.
Punching Out: Breaking Out of the Valuation Box
05/09/2024 | Tom Kastner -- Column: Punching Out!Most companies are in a “valuation box.” That is, the value of the company, based on a market multiple, is not equal to the value of the assets. Or worse, once debt is paid off, the net proceeds would actually be negative. Here are some tips for getting out of the box.
Incap Releases Unaudited Business Review for January–March 2024
05/08/2024 | IncapRevenue for the first quarter 2024 amounted to EUR 51.4 million (1–3/2023: EUR 72.2 million). Year-on-year the revenue decreased 29.3%, as expected.
Schweizer Electronic: Business Development in Q1 2024
05/08/2024 | Schweizer Electronic AGThe sales of the SCHWEIZER Group amounted to EUR 39.2 million in the first quarter of 2024 (Q1 2023: EUR 37.1 million). This corresponds to an increase of +5.5 percent compared to the same quarter of the previous year.