Science minister announces £1m funding for space firms

Universities and science minister David Willetts has announced £1m of research and development funding for companies working in, or looking to set up in, the space community at Harwell.

The funding is part of the Technology Strategy Board’s Launchpad initiative, which supports business groups, suppliers and associated institutions that work together in the same location.

Speaking at the European Space Solutions Conference, Willetts said: ‘Space is one of our most promising sectors and the government is determined to foster innovation and help companies invest in R&D to drive long-term growth. This funding will support innovative projects where small businesses may see it as too risky to go it alone when developing their ideas into new products and services.

‘It could also help companies grow by connecting them with mentors, expert advisers and the investor community around the world-class Harwell campus.’