Mr. BrandethTo ask the President of the Board of Trade what are the results of the recent study into the United Kingdom space industry. [29066]
Mr. TaylorThe major findings of the study undertaken on behalf of the British National Space Centre showed that in 1993–94 total industry turnover was estimated at £710 million. This compared to £530 million in 1991–92. United Kingdom space-related employment stood at 6,360 compared to 6,140 in 1991–92. Over the last five years the UK space industry has shown growth in sales of 9 per cent. per year. A number of sub-sectors have shown annual growth rates over 10 per cent. and the emerging earth observation data value-added sub-sector has shown growth rates of 34 per cent. of turnover and 37 per cent. in work force.