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The case for Space 2015

During 2012-13, the UK space industry’s annual value grew to £11.8 billion, having grown at an average compound rate of 8.6% year-on-year since 2008-09, with productivity at three times the UK average. The study highlights the expansive user benefits and knowledge spillovers across an increasingly diverse range of consumer, commercial and public sector applications, noting that all nine national critical infrastructures rely on space, and almost all sectors of the UK economy would be disrupted in the absence of space services.

The report also estimates usual industrial impacts, and finds that the sector has trebled in size since 2000 and now directly employs 37,000 people, supporting an estimated 115,000 jobs in total.