A dynamic and NETPark in Sedgefield is home to North East England’s ‘mission control’ – a new space incubator, funded by the UK Space Agency.
It will sit alongside the existing North East Satellite Applications Centre of Excellence which already helps regional firms break into the satellite applications industry.
By 2030, the space sector is anticipated to be worth £40bn to the UK economy alone and our region is ideally placed to take advantage of that growth.
There are a growing number of dynamic companies in our space sector – across a wide spectrum of industries – including communications, IT, healthcare, agriculture, design and the process sector.
For example, Reevu is adapting technology used in space into motorcycle helmets, with a display inside the helmet to show riders traffic behind them, like looking in a mirror.
The marriage of satellite applications and technology with North East England’s strengths in software, big data management and analytics, provides many opportunities for companies to exploit potential synergies.