[Excerpt] Significant flaws in UK R&D arrangements for the satellite sector are undermining the country’s competitiveness in a global market Euroconsult analysts believe will be worth about US$485bn by 2028, British accountancy firm Moore Kingston Smith has warned.
While the UK government provides significant support through targeted tax incentives, fostering highly technical skills and directly financing projects and university-led research, Moore Kingston Smith’s Thomas Hayden told Connectivity Business how none of these will be effective in isolation. “Without significant reform of funding methods the UK forecast of 10% of the global space market by 2030 will not be met,” said Hayden, who leads Moore Kingston Smith’s R&D team.
