Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Astronaut Tim Peake and Science Minister Sam Gyimah Underscore the Importance of Harwell Space Cluster to Growing the UK’s Space Market
    Top Stories

    Astronaut Tim Peake and Science Minister Sam Gyimah Underscore the Importance of Harwell Space Cluster to Growing the UK’s Space Market

    Published by Gbaf News

    Posted on July 12, 2018

    6 min read

    Last updated: January 21, 2026

    In this image, Polish President Andrzej Duda is signing the 2025 budget, which he plans to send to the Constitutional Tribunal for review. This significant financial decision impacts Poland's economic future and governance.
    Polish President Andrzej Duda signs the 2025 budget amid constitutional review - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Harwell Campus, Harwell:British Astronaut Tim Peake and Sam Gyimah Minister for Universities, Science, Research and Innovation met with Space organisations from the Harwell Space Cluster to announce a new contract between UK industry and Space agencies and underscore their support for collaboration within the Space sector.

    A £3.9million contract between Airbus and the European Space Agency (ESA) will see a new rover developed to visit Mars and collect samples that, for the first time ever, will be brought back safely to Earth to be analysed.

    The visit united Tim Peake and Sam Gyimah with Harwell Space Cluster companies, Rezatec, Oxford Space Systems, Deimos, Lockheed Martin and Neptec as well as the European Space Agency (ESA), UK Space Agency and the Science and Technology Facilities Council’s RAL Space facility, all based at Harwell Campus. As members of a rapidly growing 80-strong group of private, public and academic organisations that form the Harwell Space Cluster, they are all focused on supporting the UK Space Sector as it aims for a 10% share of the global market by 2030.

    Tim Peake said: “This is an exciting new era where businesses and space agencies are working closer than ever before on ambitious missions to expand our knowledge of the Solar System and deliver benefits to people’s lives.

    “The close collaboration between the UK and the European Space Agency will place Britain at the forefront of innovative missions to explore the Moon, Mars and beyond.”

    Sam Gyimah said: “The innovation we see in the UK space industry is enabled through collaboration and partnerships between industry, agencies and academia, and Harwell Space Cluster clearly demonstrates the great work going on in this sector.

    “Through our modern Industrial Strategy, we want to see more innovation, collaboration and disruption and by investing 2.4% of our GDP on R&D by 2027 we will continue to be a world leader in the development of space technology.”

    The UK space sector is growing, it is worth £13.7 billion to the economy and employs more than 38,000 people across the country. The Harwell Space Cluster is growing at 13% a year, contributing to national growth and reflects the broad array of space expertise that makes the UK a world-leader in this market – small satellite technology, telecommunications, robotics and earth observation. As technology evolves and reduces the cost of access to space, there is an exciting opportunity for the UK to thrive in the commercial space age.

    Dr Barbara Ghinelli, Director, Harwell Campus and Cluster Development at UKRI-STFC, said: “Space companies at Harwell thrive in an entrepreneurial ecosystem that promotes growth and the commercialisation of new ideas. This is also true of companies in our Life Sciences and Energy clusters.

    “Clusters facilitate communication between organisations, pooling resources for collaborative projects and sharing risk, as well as providing common support services at scale and thus increasing productivity – ultimately resulting in economic growth.“

    The Government’s decision to locate the £99 million National Satellite Testing Facility at Harwell combined with the Harwell Space Cluster’s active involvement in the launch of the ‘Prosperity from Space’ initiative and the Space Sector Deal, all place the Harwell community at the heart of the UK Space sector of today and tomorrow.

    Harwell Campus, Harwell:British Astronaut Tim Peake and Sam Gyimah Minister for Universities, Science, Research and Innovation met with Space organisations from the Harwell Space Cluster to announce a new contract between UK industry and Space agencies and underscore their support for collaboration within the Space sector.

    A £3.9million contract between Airbus and the European Space Agency (ESA) will see a new rover developed to visit Mars and collect samples that, for the first time ever, will be brought back safely to Earth to be analysed.

    The visit united Tim Peake and Sam Gyimah with Harwell Space Cluster companies, Rezatec, Oxford Space Systems, Deimos, Lockheed Martin and Neptec as well as the European Space Agency (ESA), UK Space Agency and the Science and Technology Facilities Council’s RAL Space facility, all based at Harwell Campus. As members of a rapidly growing 80-strong group of private, public and academic organisations that form the Harwell Space Cluster, they are all focused on supporting the UK Space Sector as it aims for a 10% share of the global market by 2030.

    Tim Peake said: “This is an exciting new era where businesses and space agencies are working closer than ever before on ambitious missions to expand our knowledge of the Solar System and deliver benefits to people’s lives.

    “The close collaboration between the UK and the European Space Agency will place Britain at the forefront of innovative missions to explore the Moon, Mars and beyond.”

    Sam Gyimah said: “The innovation we see in the UK space industry is enabled through collaboration and partnerships between industry, agencies and academia, and Harwell Space Cluster clearly demonstrates the great work going on in this sector.

    “Through our modern Industrial Strategy, we want to see more innovation, collaboration and disruption and by investing 2.4% of our GDP on R&D by 2027 we will continue to be a world leader in the development of space technology.”

    The UK space sector is growing, it is worth £13.7 billion to the economy and employs more than 38,000 people across the country. The Harwell Space Cluster is growing at 13% a year, contributing to national growth and reflects the broad array of space expertise that makes the UK a world-leader in this market – small satellite technology, telecommunications, robotics and earth observation. As technology evolves and reduces the cost of access to space, there is an exciting opportunity for the UK to thrive in the commercial space age.

    Dr Barbara Ghinelli, Director, Harwell Campus and Cluster Development at UKRI-STFC, said: “Space companies at Harwell thrive in an entrepreneurial ecosystem that promotes growth and the commercialisation of new ideas. This is also true of companies in our Life Sciences and Energy clusters.

    “Clusters facilitate communication between organisations, pooling resources for collaborative projects and sharing risk, as well as providing common support services at scale and thus increasing productivity – ultimately resulting in economic growth.“

    The Government’s decision to locate the £99 million National Satellite Testing Facility at Harwell combined with the Harwell Space Cluster’s active involvement in the launch of the ‘Prosperity from Space’ initiative and the Space Sector Deal, all place the Harwell community at the heart of the UK Space sector of today and tomorrow.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostMoore Stephens Advises Webcredible On Sale To Inviqa To Grow UX Capabilities
    Next Top Stories PostSAP and Thomson Reuters Simplify Pricing and Reference Data with SAP Market Rates Management