In May this year, the Government announced the UK space sector has won more than £2million worth of investment to help bolster the nation’s presence in space with position, navigation and timing (PNT) services.
In total, six UK businesses were selected to receive Government funding.
Ian Annett, Deputy CEO of the UK Space Agency, said: “The UK is critically dependant on position, navigation and timing information from satellite navigation systems in transport, communications, energy distribution, and emergency response.
“The initial funding will help us design options for a new system to support our critical national infrastructure, whilst growing the space sector, boosting economic growth and making daily life more secure for people everywhere in the UK.”