Shetland spaceport project secures £30m of UK government investment
Summary
The UK government is investing £30 million in SaxaVord Spaceport in Shetland as part of its national space strategy. This funding will help build more launchpads and facilities, support small commercial rocket launches, and is expected to attract additional private investments.Key Facts
- SaxaVord Spaceport is located in Unst, Shetland, the northernmost part of the UK.
- The spaceport is fully licensed and can support up to 30 rocket launches a year.
- The £30 million government investment is expected to unlock another £30 million from private investors.
- The funding will be used to add a second hangar and two more launchpads.
- Two German companies, Rocket Factory Augsburg and HyImpulse Technologies, have signed launch agreements with SaxaVord.
- Rocket Factory Augsburg paused a test launch due to an issue, while HyImpulse plans a launch later this year.
- The UK government aims to grow its space industry, create jobs, and launch satellites without relying on distant countries.
- Scotland leads Europe in satellite building, and SaxaVord could deliver most of Europe’s orbital launch slots.
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