The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

UK Space industry to benefit from new £1.5 million fund for pioneering space tech

2 August 2021
Share
The Business Magazine article image for: UK Space industry to benefit from new £1.5 million fund for pioneering space tech

The UK Space Agency has announced new funding to support ambitious plans for the exploration of space.

Proposals could include ideas such as the use of resources beyond Earth’s atmosphere, the use of nuclear power in space or the exploration the moon, and Mars.

The funding call from the UK Space Agency’s Space Exploration programme, invites the space sector to bid for up to £500,000 to boost technology that will support and advance robotic and human exploration of Low Earth Orbit, the Moon, and Mars.

Proposals could include ideas to develop:

  • Space based nuclear power
  • Technology that supports human and robotic exploration
  • Technology to support potential future exploration missions
  • Techniques for extracting mineral resources in space

The development of space-based nuclear reactors, for example, could potentially lead to the more efficient use of technology on Earth, such as quickly deployable microreactors to restore power to disaster-hit areas.

Sue Horne, Head of Space Exploration at the UK Space Agency, said:  "Exploration of Low Earth Orbit and our surrounding celestial neighbours delivers important breakthroughs that advance our understanding of the universe, opens up economic possibilities and make life better back on Earth.

"The UK has provided expertise and equipment to some of the most high-profile space missions of recent times. This funding will help our world-class space sector kickstart new technological successes, allowing us to explore our solar system further."

The deadline for applications is 5pm on 31 August 2021. Organisations can bid for between £50,000 - £500,000. Details on how to apply for funding can be found here.


Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

Related topics

Related articles

Upcoming events

view more
01
May

South Coast Property Forum: Networking Lunch

Ennios Ristorante
Southampton
More info
23
May

Thames Valley Tech Forum: Networking Drinks

Malmaison Hotel
Reading, RG1 1JX
More info
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles