A new strategy to ensure Wales operates at the forefront of the global space sector, helping create high-quality jobs across the country is being launched today (21 February 2022) by the Welsh Government.
The strategy highlights the unique physical and business environment Wales offers companies that are revolutionising capabilities in the space sector, and sets out how Wales could become the world’s first sustainable space nation by 2040, leading the way to a greener space.
Since 2010, space has proven to be one of the UK’s fastest growing sectors, trebling in size during that time. The sector now employs 42,000 people and generates an income of £14.8 billion each year.
The UK space sector has previously set a target of achieving a 10% share of the predicted £400 billion annual global space market in 2030. The Welsh Government’s ambition is for Wales to achieve a 5% share of the UK’s share, which would equate to £2 billion per year for the Welsh economy.
For further information visit New plan to launch Wales’ thriving space sector into orbit | GOV.WALES