{"id":87099,"date":"2017-12-07T10:13:00","date_gmt":"2017-12-07T10:13:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=93c7996ff77dd764bfe7dca78133b02c"},"modified":"2017-12-07T10:13:00","modified_gmt":"2017-12-07T10:13:00","slug":"press-release-new-business-incubators-will-help-space-industry-grow","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=87099","title":{"rendered":"Press release: New business incubators will help space industry grow"},"content":{"rendered":"<div class=\"govspeak\">\n<p>The incubators, in Buckinghamshire, Hampshire, Leicestershire and London, will provide world-class science innovation support for entrepreneurs and small businesses to help grow the UK space industry.<\/p>\n<p>The funding follows the launch of the government\u2019s <a href=\"https:\/\/www.gov.uk\/government\/topical-events\/the-uks-industrial-strategy\">Industrial Strategy,<\/a> which includes a <a href=\"https:\/\/www.gov.uk\/government\/news\/uk-space-launch-programme-receives-50-million-boost-in-governments-industrial-strategy\">\u00a350 million programme<\/a> to enable new satellite launch services and low gravity spaceflights from UK spaceports, to boost the economy and inspire the next generation of scientists and engineers.<\/p>\n<p>UK Space Agency Chief Executive, Dr Graham Turnock, who made the announcement at the STFC RAL Space Appleton Space Conference at Harwell in Oxfordshire, said:<\/p>\n<p>\u201cThe funding for these new business incubators will see the excellent network of support we have in the UK expand and provide further opportunities for exciting start-ups in the space sector, with 15 incubators working across 22 locations.<\/p>\n<p>\u201cThe Industrial Strategy underlined the government\u2019s commitment to make Britain the best place to start and grow a business, with prosperous communities across the UK. Supporting new businesses across the UK is central to reaching our ambition of capturing 10% of the global space market by 2030 and I am sure these new incubators will have a fantastic impact.\u201d<\/p>\n<p>The funding will see \u00a350,000 go to Oxford Innovation, for two new incubators in Fareham and Bordon in Hampshire, \u00a350,000 for Seraphim to establish a space accelerator in London and \u00a350,000 for the Satellite Applications Catapult at Harwell to establish a space incubator at Westcott, Buckinghamshire. The University of Leicester will receive \u00a350,000 to establish a graduate pre-incubator to help students develop entrepreneurial ideas.<\/p>\n<p>The space sector is a UK success story, underpinning industries worth more than \u00a3250 billion to the UK economy. Last week Business Secretary Greg Clark launched the <a href=\"https:\/\/www.gov.uk\/government\/topical-events\/the-uks-industrial-strategy\">Industrial Strategy,<\/a> which sets out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change and support businesses and workers.<\/p>\n<p>A key policy includes driving over \u00a320 billion of investment in innovative and high potential businesses, including through establishing a new \u00a32.5bn Investment Fund, incubated in the British Business Bank.<\/p>\n<p>The <a href=\"https:\/\/www.gov.uk\/government\/news\/uk-space-launch-programme-receives-50-million-boost-in-governments-industrial-strategy\">\u00a350 million space programme<\/a> builds on the \u00a399 million already invested in the National Satellite Test Facility run by STFC RAL Space at Harwell, which was recommended by the <a href=\"https:\/\/www.gov.uk\/government\/publications\/uk-space-facilities-review-2017\">UK Space Facilities Review,<\/a> a report commissioned by the UK Space Agency to look at ways to help grow the UK space industry.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The UK Space Agency has announced \u00a3200,000 of funding for 4 new business incubators to boost the number of start-up companies in the space sector across the UK.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/87099"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87099"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/87099\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}