Press release

Report reveals continued growth of UK space sector

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

The UK Space Agency has today (Thursday 9 October) published its biennial study into the progress of the UK space sector.

‘The Size and Health of the UK Space Industry’ reveals that the sector continues to soar and is currently worth £11.3 billion to the UK economy, growing at over 7% per year, employing over 34,000 people and supporting a further 72,000 jobs in other sectors.

The size and health of the UK space industry report 2014

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (eg a screen reader) and need a version of this document in a more accessible format, please email Please tell us what format you need. It will help us if you say what assistive technology you use.

Speaking at the Royal Aeronautical Society Strategic Choices for Space - President’s Conference 2014, Minister for Universities, Science and Cities Greg Clark announced the publication of the report and said:

The UK space sector makes an impressive contribution to the UK economy and has consistently done so over the last decade, virtually doubling in size in financial terms since 2006. These figures show that the UK is well placed to meet our ambitious target of 10 per cent of the global space market by 2030. Co-operation between the public and private sector is the foundation for this continued success.

‘The Size and Health of the UK Space Industry’ allows the UK Space Agency to track the progress of the sector and serves as a metric against its ambitions and the targets set in the Space Innovation and Growth Strategy. The latest figures reflect well on the past two years of strategic investment by government in key technological innovations.

Through strategic investment, improved policy and stronger collaboration in areas with the potential for further growth and high economic return, The UK Space Agency is working to build a supportive environment for the commercial space sector and enabling the UK to fully exploit a growing market for space data and technologies.

Press Office

Julia Short
UK Space Agency
Polaris House
North Star Avenue