What financial support is available for the space sector, and what plans it has for future support for Scottish space programmes.

The space sector is a key priority for the Scottish Government and its enterprise agencies. As highlighted through the Inward Investment Plan, the global space market is estimated to be worth £400bn by 2030. The Scottish Government’s ambition is for Scotland to become the first country in Europe to provide an end-to-end solution for small satellite manufacture, launch and innovation in satellite data analysis. Scotland is already ‘punching above its weight’ with 133 companies operating in the space sector in Scotland employing 8,000 people (19% of the UK total).
Our Enterprise Agencies are the primary sources for providing financial support to the space sector, demonstrated in particular through the Highland and Island Enterprise development of Space Hub Sutherland, which has become the first spaceport in the UK to achieve planning consent, and through Scottish Enterprise support for companies such as Spire Global.
In addition, the Scottish Government in partnership with UK Government and South Ayrshire Council are investing £80m through the Ayrshire Growth Deal to position Ayrshire as one of the UK’s leading centres of Aerospace and Space activity through an ambitious and transformational Aerospace and Space Programme.
The Scottish Government will continue to support the development of the space sector through collaboration with the Scottish Space Leadership Council.