 |
answer text |
<p>The return on investment delivered by the UK Space Agency (UKSA) is subject to
biennial assessment as part of the Agency survey of the size and health of the space
industry. Results of the 2014 survey are due to be published in the autumn of 2014,
though I hope to be in a position to announce headline figures such as turnover and
employment numbers at the Farnborough Airshow in July 2014.</p><p>The European Space
Agency (ESA) is the primary route for Government R&D space investment. Several
economic analyses of investment impact have been undertaken, drawn together in BIS
Economics Paper No3 . The Agency's biennial survey of the size and health of the UK
space industry has shown growth from £3.4Bn turnover in 1999/2000 to £9.5Bn in 2011,
reflecting the results of sustained investment as well as the growth of the market.</p><p>UKSA
investment through the European Space Agency (ESA) in the last five years is as follows:</p><p>2009/10:
£242.8m</p><p>2010/11: £231.1m</p><p>2011/12: £232.0m</p><p>2012/13: £207.6m</p><p>2013/14:
£267.5m</p><p>In addition, national expenditure averaging £20M a year has been invested
within the UK to build and operate scientific instruments carried on ESA spacecraft.
The funding to ESA has been used to contribute to missions and technology in the fields
of space science and exploration, Earth observation for science and applications,
telecommunications and broadband delivery, access to microgravity facilities for life
and physical sciences, space weather, navigation technologies, human spaceflight and
weather monitoring. As well as resulting expenditure in the UK due to the <em>juste
retour</em> principle, wider benefits have accrued in economic growth; new scientific
knowledge and improved delivery of public services.</p>
|
|
