UK government commits 62 million pounds to satellite tech funding
UK Space Agency
The UK government opened GBP62 million in space-sector funding, including a third C-LEO satcom technology round.
what happened
The UK government announced GBP62 million ($83.4 million) in space-sector funding on July 20 at the Farnborough International Airshow, per Via Satellite and Space Minister Liz Lloyd. GBP42 million opens the third funding round of the Connectivity in Low Earth Orbit (C-LEO) Programme for UK businesses, universities and research organizations developing satellite communications technology in on-board processing, active antennas, optical links, networking and routing, or user terminals. A further GBP20 million supports space innovation projects across industry and universities.
why it matters
The funding signals continuing UK government appetite to seed a domestic satcom supply chain; UK-based satcom component makers and researchers now have a defined near-term funding window to apply to, with the UK Space Agency citing its Accelerator programme's track record of 289 founders and over GBP102 million in follow-on private investment as the model this round extends.
signal-to-noise
quick facts
- Companies
- UK Space Agency
- Category
- financial
- Impact
- notable
- SNR
- 4 / 5
- Event date
- 2026-07-20
- Published
- 2026-07-21 05:33 UTC