Satellite operator Inmarsat has welcomed the UK government’s “renewed focus” on its space industry, as outlined in the operators country’s 23 March 2011 Budget.
In a growth report accompanying the Budget announced by George Osborne, the chancellor, the…
Satellite operator Inmarsat has welcomed the UK government’s “renewed focus” on its space industry, as outlined in the operators country’s 23 March 2011 Budget.
In a growth report accompanying the Budget announced by George Osborne, the chancellor, the government proposed amending its Outer Space Act to remove an unlimited liability on operators.
This, according to London-headquartered Inmarsat, will encourage more space companies to be based in the UK.
The government hopes that such measures will help the UK capture 10% of the US$400bn global space industry by 2030.
Currently, the UK space sector is growing at more than 10% per year, with an annual turnover of £7.5bn.
“Inmarsat congratulates the chancellor on his recognition of space technology as a growth industry,” said Perry Melton, Inmarsat COO and member of the UK Space Leadership Council.
“As leaders in global mobile satellite services, we welcome renewed focus on a UK success story. Inmarsat, as a UK headquartered satellite operator, is committed to supporting the Government’s initiatives in the space arena.”
