Good read. SAS is set to benefit from this.
We await for the SAS and UK Space Agency partnership announcement!
https://www.ukspace.org/uk-vulnerable-to-economic-blackout-as-new-report-shows-90-of-business-critical-data-is-delivered-by-foreign-satellites/Securing our Future in Space, will be published in the week commencing 30 November.
The findings have already been discussed with government ministers and MPs. They contain independent analysis by former Bank of England economist, Steve Hughes, who suggests that more than £300bn of the UK’s business output is now enabled by satellite data, around £270bn of which comes from overseas.
Three new pieces of analysis will appear in the research:
1. The present £300 billion of output enabled by satellite data is projected to reach at least £340 billion by 2030, based on conservative economic modelling.
2. This growth will be critical to levelling up: satellites currently support around £52 billion of output in the North, for example, and over £40 billion in the Midlands, and we expect these figures to reach £59 billion for the North and £46 billion for the Midlands by 2030.
3. Of the £300 billion of UK output dependent on data sent through non-UK owned and operated satellites, we estimate conservatively that at least 90% (£270 billion) of this is from non-UK satellites and that this proportion will reach £306 billion by 2030 – or more if Britain falls further behind other countries.
The report includes three recommendations to build up UK-based sovereign capability:
1.
Establish a Space Innovation Fund of £150m per year, sustained over 10 years. This would bring new advances in technology, research and science
to commercially viable projects and thus create huge new value for the UK.
2.
Create a National Procurement Fund of £250m per year, sustained over 10 years, for the specific procurement by government of UK products and services. This would help
grow our domestic space sector, enabling UK space products and services to play a much bigger role in our trading with the rest of the world.
3. Boost delivery: to drive the programme of complex, hi-tech initiatives forward. Such an agency would be accountable to the National Space Council with a focus on delivery. This would complement the UK Space Agency’s key roles of policy, relations with international space agencies, and regulatory aspects which are best developed from within Government by Government.
