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May 24th, 2010

EADS Astrium engineering chief Bob Graham

Abstract:
In 2007, the UK space industry generated revenues of £5.6bn, of which £2.8bn contributed directly to the country's GPD. It held six per cent of the industry's global share and supported 68,000 jobs. A 20-year strategy, outlined by the UK Space Innovation and Growth Team, claims that the industry could grow to £40bn a year and has the potential to create 100,000 new jobs by 2030.

'It's entirely possible for us to keep that growth in the UK,' said Graham. 'What we're really great at as a country is advanced manufacturing. Not only in space, but in other areas too things such as nanotechnology are strong in the UK. We're following companies that are developing it on a large scale so that we can apply it to particular missions. This has opened up opportunities in using new technology developed in other industries, rather than necessarily just spinning out some of our own.'

Source:
theengineer.co.uk

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