- UK Space Conference 2015

INTERNATIONAL
BUSINESS
GROWN FROM
BRITAIN
TERRY COXALL
SPACE SPECIALIST
UK TRADE & INVESTMENT
Space in the UK,
The commercial benefits of innovating in the UK - Terry Coxall
Space - The commercial benefits of innovating in the UK
We work with:
• UK based businesses to ensure their success
in international markets through exports.
• Overseas companies to look at the UK as the
best place to invest, set up or expand their
business.
Space - The commercial benefits of innovating in the UK
The 8 GREAT Technologies
• Space
• Big Data
• Robotics and Autonomous
Systems
• Synthetic Biology
• Regenerative Medicine
• Agri-Tech
• Advanced Materials and
Nanotechnology
• Energy & its storage
8 GREAT Technologies Infographic
Space - The commercial benefits of innovating in the UK
Space in the UK
10 REASONS TO CHOOSE THE UK AS
THE PLACE TO GROW YOUR SPACE
BUSINESS
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Space - The commercial benefits of innovating in the UK
UK Selling Points 1 – Government support
The UK government is very supportive of
the Space Industry
• The Space Innovation and Growth Strategy
(Space IGS) and the Space Growth Action Plan
sets out Government action required for sector
success
– Targets UK space sector growth to £40 billion per
annum by 2030.
https://www.gov.uk/government/publications/spacegrowth-action-plan
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We have a strong UK Space Agency.
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We have a Satellite Application Catapult
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We have a strong scientific support from the UK
Research councils (STFC and NERC).
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Space - The commercial benefits of innovating in the UK
UK Selling Points
2 - World leading industry
3 - Word leading Universities
• Large Satellite providers, eg
Airbus, the global no 2 supplier.
• Small satellite providers, eg
SSTL world leading smallsat
provider.
• Micro satellite providers, eg
Clydespace
• Operators, eg Inmarsat,
Paradigm, Avanti, DMCii
• World leading Space science.
• As well as a strong and diverse
upstream supply chain.
•38 universities across UK involved
in Space research and teaching
•Britain is home to 4 of the world's
top 10 universities: Cambridge,
UCL, Imperial College London and
Oxford.
•The UK has the highest number of
leading MBA courses in Europe.
•The World Economic Forum
evaluation ranks the UK second in
the world in university-business
R&D collaboration
Space - The commercial benefits of innovating in the UK
UK Selling Points 4 – Space country wide
Harwell Space Cluster in Oxfordshire which
has the Satellite Applications Catapult, ESA
ECSAT facility, RAL Space, +55 other
smaller Space companies. In addition:
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Buckinghamshire – Rocket Propulsion test
facilities.
Cornwall – Goonhilly earthstation
Leicester – National Space centre and EMBRACE
North East Satellite Applications Centre of
Excellence
Nottingham – GRACE
Scotland – Cubesat clusters around Glasgow and
Edinburgh.
South East Midlands – Cranfield Space Research
Centre.
Surrey – Surrey university and Surrey Research
Park.
Wales – Cardiff and Swansea.
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Space - The commercial benefits of innovating in the UK
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UK Selling points
5 - The UK’s flexible labour
market
•The UK has transparent, flexible
company law. It is fast and simple to
set up a company in the UK and to
establish a corporate structure to suit a
company’s needs.
– you can register a company
within 48 hours
•The UK has a flexible labour market
which is also the second-largest in the
European Union (EU) at over 30 million.
•The UK has the highest proportion of
the workforce in professional
occupations of all the world’s major
economies
6 - A supportive place to register,
co-ordinate and finance satellite
projects.
• The UK has a supportive,
progressive and independent
regulator in Ofcom.
• The Space Agency registers new
satellites and is active in reviewing
and reducing the regulation
surrounding space projects.
• The UK is setting up Space specific
VC funds, but also is a focus for
independent finance and attracts
significant foreign investment funds.
Space - The commercial benefits of innovating in the UK
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UK Selling Points
7 - Targeted support for the
downstream space enabled
data sector
•The Satellite Applications Catapult is
one of 9 catapults set up in 2011 to
develop particular sectors.
• All catapults are “not for profit”
organisations.
•Focussed technology help for the
emerging Applications market
supported from Innovate UK (originally
TSB) who also support a Knowledge
Transfer Network (KTN) with a strong
Space membership.
8 - Access to UKTI start-up
support and Visa and migration
support
• Global Entrepreneur programme.
• Investment Services Team
• UKTI Directed support for Visas.
• 80% of visas are granted within
48 hours.
Space - The commercial benefits of innovating in the UK
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UK Selling Points
9 – Beneficial Tax, IP and Export Finance support
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Tax benefits
Our corporation tax rate at 20 per cent is already one of the lowest in Europe and following last
week budget will become 18%, the lowest in the G20.
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Patent box
The UK Government’s generous tax credits for innovation cut the cost of research. The Patent Box
lowers the rate of corporation tax paid on profits from a qualifying patented invention to 10 per cent.
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UK Export Finance
UK Export Finance (UKEF) is a government department and the UK’s export credit agency.
• Provides risk protection to exporters – with insurance against non-payment by overseas
buyers and against contract bonds being called in by buyers, unfairly or for political reasons.
• Facilitates finance for exporters – with guarantees to banks to help them provide working
capital loans and contract bonds for their exporter customers.
• Guarantees and provides loans to overseas buyers – repayable over two years and longer,
to finance the purchase of capital/semi-capital goods and services from UK exporters.
Space - The commercial benefits of innovating in the UK
UK selling points 10 - UKTI Services to assist export
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​Business Opportunities
Export Marketing Research Scheme
​Events and missions
Export Communications Review
International Trade Advisers
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Market visit support
Mid-sized Business Programme
Open to Export
Passport to Export
OMIS
See https://www.gov.uk/government/collections/uk-trade-andinvestment-services-for-exporters
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Space - The commercial benefits of innovating in the UK
Please get in touch
If you want help to setup in the UK
If you want a European base
If you’re in the UK and want help to get access to funding
If you’re in the UK and want help to increase your exports
If you want help to access any of the organisations discussed
Then please contact:• Sophie Boldon, Head of Market Development. Innovation Gateway
[email protected]
+44(0)207 215 3504
• Terry Coxall, Space Specialist. Innovation Gateway
[email protected]
+44(0)7979 111 336
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