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.

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Categories: Articles, Business, Funding, Satellite

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