TAMPA, Fla. — The U.Okay. introduced 50 million British kilos ($62 million) in funding Jan. 23 for tasks that might enhance the nation’s satellite tv for pc communications trade.
The UK Area Company mentioned the funding pot is open to a variety of tasks, together with new satellite tv for pc constellations and the bottom methods that help them.
The deadline for expressions of curiosity is March 1. Following a presentation course of to pitch concepts, the UK Area Company expects to announce successful tasks someday this summer time.
“This funding will assist UK firms which have the correct experience and ambition to develop into international gamers on this market,” UK Area Company CEO Paul Bate mentioned in an announcement, “and lead on ground-breaking applied sciences that may improve the broader UK house sector, create jobs and generate additional funding.
The funding is a part of the European Area Company’s (ESA) Superior Analysis in Telecommunications Companies program, or ARTES.
In November, the British authorities dedicated 190 million British kilos to take part in worldwide telecommunications missions underneath ESA, which is impartial of the European Union that the U.Okay. is now not a part of following Brexit.
The U.Okay. dedicated a complete 1.8 billion British kilos to take part in ESA applications over the subsequent 5 years.
British Science Minister George Freeman mentioned investing in house applications will assist drive development and enhance the resiliency of the U.Okay.’s economic system post-Brexit.
Whereas the U.Okay. has solely earmarked 50 million British kilos for satellite tv for pc communications, the house company mentioned additional funding is on the market if viable proposals exceed provide.