The UK’s government is awarding £100 million (€117m) in grants to British-based space organisations in particular focusing on the development of low Earth orbiting (LEO) satellites. In addition, it is also granting £10 million to Scotland’s SaxaVord rocket launch site.

The intention is to highlight development of on-board data processing, laser optical links for satellite-to-satellite communications and end-user terminals.

Jeremy Hunt, the UK’s Chancellor of the Exchequer told Parliament that the cash injection would be matched or multiplied by industry and also aided by another £60 million coming from the European Space Agency.

The cash might be helpful to Eutelsat’s OneWeb subsidiary as it develops its second-generation LEO craft.

Other posts by :

1. Eutelsat shareholders upset over Rights Issue
2. Amazon Leo satellites en route to French Guiana
3. Deutsche Bank reveals targets for AST SpaceMobile
4. AST SpaceMobile boss outlines benefits
5. Report: LEO build-out accelerates
6. Germany outlines space commitment
7. Analysis: Impact of AT&T on US telcos and cable
8. Bezos rocket production boosted
9. Musk delays Moon landing until 2027

Categories: Articles, Business, Funding, Satellite

Tags: Jeremy Hunt, OneWeb, satellite, SaxaVord, UK