EUSI Banner - Okt 1 2022

UK and Australia create Space Bridge to cooperate

UK Science Minister Amanda Solloway. Photo: UK Government

Paris, 24 February 2021. – Bridge to down under: The UK and Australia want to cooperate in space and signed an agreement called Space Bridge, UKspace said yesterday.

The UK-Australia Space Bridge framework agreement that UKspace and the Space Industry Association of Australia (SIAA) signed could provide “significant new opportunities for space companies in both countries”, the British space agency said.

The new partnership – designed to increase knowledge exchange and investment across the two countries’ space sectors – “is the first of its kind in the world”, UKspace said. “It is a major milestone in space collaboration between the two nations which dates back to October 2018 when a Memorandum of Understanding was signed by the UK Space Agency and Australian Space Agency.”

The arrangement enhances cooperation between the UK Space Agency, UK Department for International Trade, Australian Trade & Investment Commission, and the Australian Space Agency coordinating opportunities for the UK and Australian governments and companies to work on space-related activities, including sharing Earth Observation data to collaborating on robotic and artificial intelligence.

Check Also

#SpaceWatchGL Opinion: What is the real annual generated revenue of the space industry? PART 1

Being part of a growing economy is where you want to be these days. And Space promises to be among one of the fastest growing sectors, with huge spillover potential into other industries. Currently, the space economy has been estimated to be at around 386 billion USD in revenue, and expectations predict it to be at 1 trillion USD by 2040. The outlook is attractive and moving within the space sector one could have the impression of booming space businesses. But are those numbers legitimate?