Investment boost for Scottish space

Investment boost for Scottish space

The Scottish Centre of Excellence in Satellite Applications (SoXSA), based at University of Strathclyde, has secured funding to continue its mission for a further three years.

Setup in 2014, SoXSA focuses on the use of satellite-derived data to challenge conventional ideas and develop new concepts in the exploitation of space to improve life on earth.

Companies across the UK are increasingly looking to space data to inform their businesses – gaining insights into a wide range of areas including weather, transport networks, flooding, forestry, and even tracking icebergs.

This latest funding boost comes from the Satellite Applications Catapult and the UK Space Agency with matched funds from the SoXSA consortium and project contributions.

The programme extension will allow SoXSA to continue fostering economic growth in Scotland by helping companies enter the space sector, supporting innovation and the use of satellite applications across industries. It will also continue its work promoting careers in the space sector.

Stuart Martin, CEO of the Satellite Applications Catapult, said: “The space sector is flourishing in Scotland. A growing number of companies connecting with our Scottish Centre of Excellence are interested in harnessing the potential of space applications or have bold ambitions to create new space-based ventures.

"The region is attracting international investment from space companies and we are delighted to extend the Centres funding to enable us to support increased demand for our business support services.”

Scotland is home to a growing number of internationally-recognised space companies developing both affordable satellite hardware, and the applications that harness the data satellites provide.

Around 18% of the UK’s space sector employment – the equivalent of around 7,000 jobs – are now based in Scotland, generating some £131m in income.