Situated in County Durham is NETPark (North East Technology Park) – one of the UK’s premier science, engineering and technology parks for the commercialisation of cutting-edge Research & Development by major international organisations, universities and entrepreneurs. Located within NETPark is a new space incubator, funded by the UK Space Agency.
This operates alongside the existing North East Satellite Applications Centre of Excellence, which supports regional businesses break into the satellite applications industry.
NETPark brings together science and technology companies and individuals in a world-class facility, to encourage collaborative multidisciplinary links and to drive innovation, enterprise and economic prosperity.
By 2030, the space sector is anticipated to be worth £40bn to the UK economy and the North East is ideally placed to take advantage of that growth.
There are a growing number of dynamic, regional companies operating in the space sector across a wide spectrum of industries, including communications, IT, healthcare, agriculture, design and process.
The combination of satellite applications and technology, coupled with the North East’s strengths in software, large data management and analytics, provides huge opportunities for companies, and investors, to exploit potential synergies