UK space group ready for lift off

By Amy Wilson, City Reporter (Aerospace) 613PM GMT twenty-three March 2010

UK space group ready for lift off

However, no additional income has been set in reserve to compensate for plans to progress the UK"s share of the universe space marketplace from 6pc to 10pc over twenty years, that would see the industry remade in to a �40bn craving contracting 170,000 people in Britain.

Last month, a inform by space companies, academics and the Government called on politicians to stand in the appropriation for space projects to �550m a year by 2020.

UK space industry in cinema Danger of Britain being left at the back of in space competition The chief greeting - A debate of Britains chief appetite stations Government could set up space group to progress chances of a Briton going to Mars Meet the initial wanderer to fly to space underneath the British dwindle Miliband promises appetite industry highway map

But at the launch of the UK Space Agency in London on Tuesday, Lord Drayson, scholarship and creation minister, would not dedicate to a "blanket agreement" on appropriation since of the state of the open finances, and pronounced the Government would cruise each box on the own merits.

The space group will begin work on Apr 1.