Space sector shows positive future for contractors
According to a recent article from The Engineer magazine’s Stuart Nathan, the UK has been quietly rising to prominence in the international space science and engineering sector. In fact, the space sector – which is a growing consumer of IT, engineering, technical and science contractors – shows such promise that it was one of the few to escape the worst of last month’s spending cuts.
As Stuart puts it, “Over the years, British industry and academia have built, developed and held onto a leading position in the world of satellites, for both communications and Earth observation. Such is the success of this sector that it was one of the few to escape the heaviest blows of the Treasury’s axe last month. The science budget was cut by only 10%, while other departments saw a quarter, a third or two-thirds of their funding hacked away.” This clear indication of support, and the upward trend in the UK’s success can only be great news for contractors in science –related sectors.