The UK government has revealed how investing in the space industry will form a key part of its strategy for boosting economic growth.

At the heart of the government’s strategy is a pledge to invest £99 million to create a National Satellite Testing Facility (NSTF) and another £4 million investment for a new National Space Propulsion Facility (NSPF).

The UK government hopeS the significant funding boost will enable the space industry to competitively bid for more national and international contracts and ensure it remains a world-leader for space technologies for decades to come.