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STFC celebrates £200 million raised by space tech start-ups


Commercial success for space tech start-ups tackling climate change.

UK start-ups at the European Space Agency Business Incubation Centre UK (ESA BIC UK) have now raised more than £200 million in equity investment collectively.

New statistics also confirm that, in addition to this, start-ups at the ESA BIC UK:

  • sustain over 900 highly-skilled UK jobs

  • contribute £51 million in gross value added (GVA) to the UK economy every year

  • have a 95% survival rate over five years following graduation from the programme, more than double the UK average, despite the economic uncertainties of the last few years


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