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Business Update
15 January 2020
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
Issue Summary
The statement discusses a UK Space Agency initiative aimed at encouraging young people to develop satellite-based ideas that could benefit society.
Action Requested
The minister announces a £50,000 competition for individuals aged between 11 and 22 years old to submit ideas on how satellites can improve life on Earth. Entries are due by March 3, 2020.
Key Facts
- The UK Space Agency is offering a share of £50,000.
- Satellite services support industrial sectors worth £300 billion to the UK economy.
- The competition is open to individuals aged between 11 and 22 years old.
- Entries are due by 3 March 2020.
- Winners will pitch their ideas to a panel of industry experts.
- The government aims to establish a National Space Council and develop a UK Space Strategy.
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Assessment & feedback
Summary accuracy