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22 May 2023

UK leads Europe in race for space investment, new report finds

UK leads Europe in race for space investment, new report finds
Image source: UK Government
A PwC-UK Space Agency report reveals the UK is the most attractive destination for private investment in space after the US.
  • The UK is the most attractive destination for private investment in space after the US
  • Nine of the largest UK venture capital firms have invested in space since 2015
  • Key areas of investment in the UK are Earth observation, manufacturing and satellite connectivity
  • Growth of up to 11% forecast per year to 2030 across the global space ecosystem
  • 95% of space investments were in revenue-generating companies in 2022 compared to 56% in 2015, demonstrating the growing maturity of the sector.

New analysis from investment experts offers insight on the wealth of opportunities found within the UK’s £17.5 billion space sector.

The ‘Expanding frontiers – The down to earth guide to investing in space’ report, produced by PwC in association with the UK Space Agency, highlights expected global space sector growth of up to 11% per year over the next decade and a near doubling of venture capital investments in revenue-generating space companies in the UK between 2015 and 2022, with 63% of investors new to the sector in 2021.

 

Read more here.

 

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