Size and Health of the UK Space Industry 2024 Summary Report

Summary

The UK space industry faced significant economic challenges in 2022/23, experiencing a real-term contraction in income and productivity, exacerbated by macroeconomic pressures and the loss of access to EU space programs. This report, commissioned by the UK Space Agency, provides a detailed analysis of the industry's health, employment figures, and key growth barriers like talent shortages. While employment saw strong growth, the sector grapples with reduced GVA and persistent recruitment difficulties, necessitating ongoing monitoring and strategic interventions to ensure future resilience and growth.

Key Facts

Source Document

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