INTERNATIONAL BUSINESS GROWN FROM BRITAIN TERRY COXALL SPACE SPECIALIST UK TRADE & INVESTMENT

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1 INTERNATIONAL BUSINESS GROWN FROM BRITAIN TERRY COXALL SPACE SPECIALIST UK TRADE & INVESTMENT

2 Space in the UK, The commercial benefits of innovating in the UK - Terry Coxall

3 We work with: UK based businesses to ensure their success in international markets through exports. Overseas companies to look at the UK as the best place to invest, set up or expand their business.

4 The 8 GREAT Technologies Space - The commercial benefits of innovating in the UK Space Big Data Robotics and Autonomous Systems Synthetic Biology Regenerative Medicine Agri-Tech Advanced Materials and Nanotechnology Energy & its storage 8 GREAT Technologies Infographic

5 5 Space in the UK 10 REASONS TO CHOOSE THE UK AS THE PLACE TO GROW YOUR SPACE BUSINESS

6 UK Selling Points 1 Government support 6 The UK government is very supportive of the Space Industry The Space Innovation and Growth Strategy (Space IGS) and the Space Growth Action Plan sets out Government action required for sector success Targets UK space sector growth to 40 billion per annum by We have a strong UK Space Agency. We have a Satellite Application Catapult We have a strong scientific support from the UK Research councils (STFC and NERC).

7 UK Selling Points 2 - World leading industry Large Satellite providers, eg Airbus, the global no 2 supplier. Small satellite providers, eg SSTL world leading smallsat provider. Micro satellite providers, eg Clydespace Operators, eg Inmarsat, Paradigm, Avanti, DMCii World leading Space science. As well as a strong and diverse upstream supply chain. 3 - Word leading Universities 38 universities across UK involved in Space research and teaching Britain is home to 4 of the world's top 10 universities: Cambridge, UCL, Imperial College London and Oxford. The UK has the highest number of leading MBA courses in Europe. The World Economic Forum evaluation ranks the UK second in the world in university-business R&D collaboration

8 UK Selling Points 4 Space country wide 8 Harwell Space Cluster in Oxfordshire which has the Satellite Applications Catapult, ESA ECSAT facility, RAL Space, +55 other smaller Space companies. In addition: Buckinghamshire Rocket Propulsion test facilities. Cornwall Goonhilly earthstation Leicester National Space centre and EMBRACE North East Satellite Applications Centre of Excellence Nottingham GRACE Scotland Cubesat clusters around Glasgow and Edinburgh. South East Midlands Cranfield Space Research Centre. Surrey Surrey university and Surrey Research Park. Wales Cardiff and Swansea.

9 UK Selling points The UK s flexible labour market The UK has transparent, flexible company law. It is fast and simple to set up a company in the UK and to establish a corporate structure to suit a company s needs. you can register a company within 48 hours The UK has a flexible labour market which is also the second-largest in the European Union (EU) at over 30 million. The UK has the highest proportion of the workforce in professional occupations of all the world s major economies 6 - A supportive place to register, co-ordinate and finance satellite projects. The UK has a supportive, progressive and independent regulator in Ofcom. The Space Agency registers new satellites and is active in reviewing and reducing the regulation surrounding space projects. The UK is setting up Space specific VC funds, but also is a focus for independent finance and attracts significant foreign investment funds.

10 UK Selling Points Targeted support for the downstream space enabled data sector The Satellite Applications Catapult is one of 9 catapults set up in 2011 to develop particular sectors. All catapults are not for profit organisations. Focussed technology help for the emerging Applications market supported from Innovate UK (originally TSB) who also support a Knowledge Transfer Network (KTN) with a strong Space membership. 8 - Access to UKTI start-up support and Visa and migration support Global Entrepreneur programme. Investment Services Team UKTI Directed support for Visas. 80% of visas are granted within 48 hours.

11 11 UK Selling Points 9 Beneficial Tax, IP and Export Finance support Tax benefits Our corporation tax rate at 20 per cent is already one of the lowest in Europe and following last week budget will become 18%, the lowest in the G20. Patent box The UK Government s generous tax credits for innovation cut the cost of research. The Patent Box lowers the rate of corporation tax paid on profits from a qualifying patented invention to 10 per cent. UK Export Finance UK Export Finance (UKEF) is a government department and the UK s export credit agency. Provides risk protection to exporters with insurance against non-payment by overseas buyers and against contract bonds being called in by buyers, unfairly or for political reasons. Facilitates finance for exporters with guarantees to banks to help them provide working capital loans and contract bonds for their exporter customers. Guarantees and provides loans to overseas buyers repayable over two years and longer, to finance the purchase of capital/semi-capital goods and services from UK exporters.

12 UK selling points 10 - UKTI Services to assist export 12 Business Opportunities Export Marketing Research Scheme Events and missions Export Communications Review International Trade Advisers Market visit support Mid-sized Business Programme Open to Export Passport to Export OMIS See

13 Please get in touch Space - The commercial benefits of innovating in the UK 13 If you want help to setup in the UK If you want a European base If you re in the UK and want help to get access to funding If you re in the UK and want help to increase your exports If you want help to access any of the organisations discussed Then please contact:- Sophie Boldon, Head of Market Development. Innovation Gateway sophie.boldon@ukti.gsi.gov.uk +44(0) Terry Coxall, Space Specialist. Innovation Gateway terry.coxall@ukti.gsi.gov.uk +44(0)