Funding Awarded to Scheme to Support Space Entrepreneurs

The UK Space Agency has announced that they have just awarded under £150,000 to three business incubation centres to support entrepreneurs and small businesses within the Space industry.



We are very pleased to announce that Innovation Space is one of the three sites that has been included within this award. Around £50,000 has gone to a joint scheme between Innovation Space and the National Oceanpgraphy Centre’s Marine Robotics Innovation Centre in Southampton.

Helen Roberts, Regional Growth Manager at the UK Space Agency has stated “We are delighted to to extend the network of incubators supporting space sector start-ups to cover even more of the UK”

The Space Sector in the UK has been an unexpected success story and has had average growth of 8% per year over the last decade. The sector turns over around £11bn per year and the UK Space agency has plans to gain a 10% share of the global market by 2030.

The UK Space Sector has also been further bolstered with the exposure of Tim Peake’s mission to the International Space Station in 2015 with a return trip to the ISS having been announced by Greg Clark, the Secretary of State for Business, Energy and Industrial Strategy, earlier this year.

According to Steve Smart, chairman of the trade association UKspace, “Britain is punching above it’s weight in the global market in the areas of innovations and applications. We may be small but we have some great ideas, especially about how to use space technology.”

This also falls in line with the UK Government’s Industrial Strategy, which has a focus on science and innovation in particular.

Innovation Space’s role will be to facilitate and support SMEs and entrepreneurs within the UK Space Sector by providing modern, working facilities and opening the door to collaboration with other like minded enterprises and acting as a gateway to the resources of the University of Portsmouth.


UKSpace AgencyThis is a very exciting development not only for Innovation Space and the University of Portsmouth, but for the wider City in general.

Keep reading our blog page and sign up for Innovation Space’s newsletter (here)to be kept in the loop regarding this fantastic development.

Spotlight on Darren Street from Spear Recruitment

spear Recruitment

Darren Street, Managing Director at Spear Recruitment, talks about his experience of running his business at Innovation Space.

We welcomed Darren as one of our new members at Innovation Space last month.  Since then, Darren enjoys being based at Innovation Space and in his own words said that, ‘the Innovation Space is clean, friendly and a professional environment to bring my clients to, it has great transport links.’

In the video below Darren explains how being based at Innovation Space is having a positive impact on his business, Spear Recruitment.

Darren has worked for over 17 Years within Sales, Sales- Management but also within the Automotive Industry. As Managing Director, Darren works at the forefront of Spear Recruitment  liaising with both candidates and clients. Darren has first hand experience of using Recruitment Agencies from both a client and candidate perspective, this was his primary reason for setting up Spear Recruitment Ltd, he wanted to ensure candidates received the service they expect and that clients receive a professional and affordable solution for their business. As one of our valued members, at Innovation Space, Darren explains the clear benefits of working at Innovation Space in a recent interview with Team Locals.  Check out the video above to find out the difference working at Innovation Space has had on Darren’s business and why he enjoys working here.