//UK Space Innovation Gets Significant Boost at Westcott
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Our Impact
In our first four years (2013-2017) we:
- Carried out over 140 collaborative and commercial projects involving 94 UK companies, including 47 SMEs and 29 non-space companies, along with 25 universities.
- Worked with 17 businesses that have gone on to raise over £24.2 million of equity capital.
- Held 128 workshops, engaged with over 3,500 organisations.
- Our facilities, such as our CEMS cloud processing service, satcomms lab, operations centre, hot desking and Far Field Antenna Test Range, have been used by 169 businesses, including 86 SMEs.
We also:
- Opened five regional Centres of Excellence across the UK to extend our reach and encourage development of space activity in the regions: Scotland, East Midlands, North East, South Coast and South West.
- Increased the amount of funding available for satellite related companies, by being instrumental in the creation of the £50 million Seraphim Fund and supporting Satellite Finance Network activities.
- Helped the Harwell Space Cluster grow to 75 space related organisations employing over 750 staff from about five organisations when we launched.
- Worked on 38 international projects with partners from 22 countries.
- For every £1 of core grant invested, we have enabled £6 of investment and linked activity.
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//The Billion Dollar Opportunity for UK Space: In Orbit Servicing and Manufacturing
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