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Sir Martin Sweeting comments on UK gov's extra funding for space

 "Additional funding is directly in tune with the interests of the Surrey Space Centre and SSTL..."
Sir Martin Sweeting, Executive Chairman of SSTL and Director of the Surrey Space Centre has responded positively to the UK government's announcement of an additional £300m investment in space science research, saying

"The announcement by the Chancellor of a £60m per year increase in funding for the UK contribution to ESA is excellent news for both the academic and industrial space communities - especially as this has been matched over the last couple of years by substantial investment by HMG in national programmes such as ISIC, Catapult, ARTES and of course NovaSAR!

The UK space industry is a world leader in the provision of cost-effective space solutions for real world issues and the sector has been one of the fastest growing parts of the economy over the past decade.  The Chancellor's speech at the Royal Society last Friday identified eight technology areas for increased funding that included space, robotics and autonomous/intelligent systems - three areas directly in tune with the interests of the Surrey Space Centre and SSTL and his announcement of funding for these areas will help to maintain the UK's lead in this rapidly growing market."

The UK space industry has grown at around 8-9% per year over recent years.  It currently employs around 28,000 and provides £9bn to the UK economy - George Osborne has announced that he wants to grow this to around £30bn by 2030.

Over the last five years, SSTL has doubled the number of staff employed to over 500 and seen a corresponding increase in turnover to £92m at the end of 2011.    

And we're still recruiting. Click on Careers for our current vacancies.   





13 November 20120 Comments1 Comment

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