Report finds space industry in great shape

Posted on 16 Nov 2010 by The Manufacturer

The British space sector has grown over 10% on average over the past two years, despite the recession, and is estimated to be worth £7.5bn, according to a UK Space Agency report.

The document was produced by the Oxford Economics Foundation, and highlights the potential of the industry, which already contributes £5.9bn to the UK economy. Commenting on the report, Ian Godden, Chairman of A|D|S, said: “The industry has continued to grow despite the financial crisis and it has a positive future delivering even greater numbers of…

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