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U.K. Investing In Space Technology

The Chancellor today earmarked an extra £60 million a year for the ESA, in the hope of attracting more high-tech jobs to Britain.

U.K. Investing In Space Technology

Space technology has been given a boost in the U.K. by the government. In a speech to the Royal Society, Chancellor George Osborne announced an annual grant of £240 million to the European Space Agency, upping the current figure by around a quarter. It’s a timely move, given that since 2010, when the current government came to power, funding has declined by around 5%.

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In return for the investment, which will account for 30% of the ESA’s revenue, the agency is to put its telecoms satellite HQ in Oxfordshire, creating 100 jobs.

[Beautifully autumnal image courtesy of NASA]

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My writing career has taken me all round the houses over the past decade and a half--from grumpy teens and hungover rock bands in the U.K., where I was born, via celebrity interviews, health, tech and fashion in Madrid and Paris, before returning to London, where I now live. For the past five years I've been writing about technology and innovation for U.S.

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