PARLIAMENTARY WRITTEN QUESTION
Space Technology: Exports (20 January 2021)
Question Asked
To ask the Secretary of State for International Trade, what assessment her Department has made of the value to the UK of space sector exports.
Asked by:
Andrew Griffith (Conservative)
Asked by:
Andrew Griffith (Conservative)
Answer
The UK Space Agency’s most recent estimates are that between 2016 and 2017, the UK Space sector’s exports amounted to £5.5 billion. In 2016/17, the industry directly contributed £5.7 billion of GVA (in current prices) to UK economic output – equivalent to 38% of space industry income and 0.29% of total UK GDP.
Looking ahead, the Department for International Trade is leading the development of a support plan in coordination with other government departments to enable more small and medium-sized space enterprises to export, and the sector to build back better from the impacts of Covid-19.
Answered by:
Graham Stuart (Conservative)
27 January 2021
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