On this, the first Friday of May, National Space Day is observed in countries across the globe, marking a time to celebrate the progress in science and the wonders that await beyond our atmosphere.

According to UK-based space robotics and satellite development startup Exobotics, this National Space Day offers a chance to raise awareness of the ways the sector is driving forward, along with celebrating the efforts made to date. 

Amid the UK’s plans to become the next Tech and Science superpower by 2030, significant gains have been made to grow the UK’s space programme. In particular, the launch of the UK Space Agency’s International Bilateral Fund (IBF). 

The IBF is committed to investing up to £20 million in projects that will strengthen the UK space sector’s partnerships with strategic emerging space nations. The IBF is currently looking to award the first tranche of funding for approximately 20 projects, and applications will remain open until 9 June 2023.

The government says it will “help the UK harness the power of space” by: 

1. Catalysing investment, supporting projects to grow the value of non-government contracts. 
2. Delivering missions and capabilities that meet the public need and advance understanding of the universe. 
3. Championing space, as well as advocate for the sustainable use of space by inspiring people into STEM education careers. 

“Strengthening ties with other countries involved in space exploration and garnering greater backing from both our government and international partners are crucial steps towards unlocking the vast potential that space offers, thereby facilitating the growth of UK’s businesses and society,” Nadeem Gabbani, CEO of Exobotics. 

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Increased interest, investment, and collaboration within the sector will increase knowledge sharing, according to Exobotics. This will in turn, enhance ongoing projects and break down barriers such as cost and lack of expertise. 

“Increased coverage of space and the exciting opportunities it presents can not only spark interest for new businesses or investors, but also inspire young people to get into the field and offer fresh ideas for innovative tech and how to make space more accessible,” said Gabbani.