Scottish Business Minister Richard Lochhead is meeting US investors this week promoting Scotland’s capabilities in satellite manufacturing and space technology.
Scotland is already Europe’s largest producer of satellites and is close to achieving launch capability, with a fully-licensed spaceport already open in Shetland.
Mr Lochhead is attending the Space Economy Summit in Florida, building on the Scottish Government’s ambition for Scotland to become Europe’s leading space nation.
Scotland’s space sector employs more than 7,000 people, with ambitions to increase that figure to 20,000. Last year it generated £381 million in income and contributed £880 million to the economy.
Mr Lochhead said: “Scotland’s space sector is punching well above its weight. This mission is about showcasing our expertise to potential investors and partners who can help create high-skilled jobs and drive economic growth.
“With the global market set to reach more than £1.3 trillion by 2035, we’re determined to secure Scotland’s share and deliver on our ambition to become Europe’s leading space nation.”
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