UK Space Funding
Before the formation of the UK Space Agency, the three principal funders of space activity in the UK were the Natural Environment Research Council (NERC), the Science and Technology Facilities Council (STFC) and the Technology Strategy Board (TSB). Other government departments contributed smaller amounts to the programme such as the British National Space Centre (BNSC).
The UK Space Agency is a partner organisation within the Department for Business, Innovation and Skills (BIS) and does not own or control any other bodies. The Agency is required to remain within its budget limit agreed with BIS and spend is controlled in accordance with HM Treasury guidelines. Through the new structure, the UK Space Agency will manage all European subscriptions as well as the National space programme. Net expenditure for the financial year 2011/12 amounted to £256M.
For a more detailed breakdown of the space spend, please see the Agency's latest Annual Report and Accounts. (PDF, 2.6 Mb)