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<p>The UK Space Agency was established on 1 April 2011.</p><p> </p><p>The net operating
expenditure for the period is £2.253bn, between the Agency’s establishment, up to
and including the 2017/18 budget allocation.</p><p> </p><table><tbody><tr><td><p>Financial
year</p></td><td><p>2011/12</p></td><td><p>2012/13</p></td><td><p>2013/14</p></td><td><p>2014/15</p></td><td><p>2015/16</p></td><td><p>2016/17</p></td><td><p>2017/18*</p></td><td><p><strong>Total
</strong></p></td></tr><tr><td><p>Net operating expenditure</p></td><td><p>256</p></td><td><p>237</p></td><td><p>323</p></td><td><p>316</p></td><td><p>350</p></td><td><p>371</p></td><td><p>399</p></td><td><p><strong>2,253</strong></p></td></tr><tr><td
colspan="3"><p>*Budget allocation for the financial year</p></td><td><p> </p></td><td><p>
</p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td></tr></tbody></table><p>
</p><p>Key segments of investment are subscriptions to the European Space Agency (ESA)
which results in ESA expenditure with UK companies under the ‘juste retour’ policy,
National Programme grants and other International Partnerships e.g. ODA delivered
through UK companies.</p><p> </p><p>Further information can be found in the published
UK Space Agency Annual Report and Accounts for each financial year.</p><p> </p><p>
</p>
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