TAMPA, Fla. — The U.Okay. introduced 50 million British kilos ($62 million) in funding Jan. 23 for tasks that would enhance the nation’s satellite tv for pc communications business.
The UK House Company mentioned the funding pot is open to a variety of tasks, together with new satellite tv for pc constellations and the bottom techniques that assist them.
The deadline for expressions of curiosity is March 1. Following a presentation course of to pitch concepts, the UK House Company expects to announce profitable tasks someday this summer season.
“This funding will assist UK firms which have the appropriate experience and ambition to turn into world gamers on this market,” UK House Company CEO Paul Bate mentioned in a press release, “and lead on ground-breaking applied sciences that can improve the broader UK area sector, create jobs and generate additional funding.
The funding is a part of the European House 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 packages over the following 5 years.
British Science Minister George Freeman mentioned investing in area packages will assist drive development and enhance the resiliency of the U.Okay.’s financial system post-Brexit.
Whereas the U.Okay. has solely earmarked 50 million British kilos for satellite tv for pc communications, the area company mentioned additional funding is offered if viable proposals exceed provide.
