Minister Jones has announced a multimillion-pound investment in Bristol’s space sector from leading German space company OHB.
- New multimillion-pound investment from leading German space company OHB to support Plan for Change by creating specialist jobs in Bristol.
- OHB’s UK expansion sees job-boosting new subsidiary at Bristol & Bath Science Park to develop cutting-edge satellite and spacecraft tech.
- Industry Minister Sarah Jones announces investment in keynote speech at opening of Farnborough International Space Show.
The South West will benefit from a multimillion-pound investment from leading German space company OHB, creating up to 50 specialist jobs in Bristol working on satellites and exploration spacecraft, and supporting the government’s Plan for Change in delivering more skilled jobs, higher living standards, and productivity growth in every part of the United Kingdom.
Industry Minister Sarah Jones will announce the investment in a speech to the Farnborough International Space Show today [19 March], welcoming the news as a major win for the South West’s world-leading aerospace cluster, and the latest vote of confidence in the UK’s investment environment.
The Farnborough International Space Show, supported by ADS – the trade association for the UK’s aerospace, defence, security and space sectors – will be a significant event for the space industry, with 50 different countries exhibiting and many high-value commercial deals expected to be signed.
OHB’s initial multimillion-pound investment will create a new UK subsidiary based at Bristol and Bath Science Park to develop cutting-edge tech for satellites and spacecraft, and was secured by the Department for Business and Trade working together with the Space West cluster, Invest Bristol & Bath and the UK Space Agency.
Industry Minister Sarah Jones is expected to say:
The UK is open for business, and today’s investment from OHB is a major win for Bristol’s world-leading aerospace and tech industry which will create high-skilled local jobs and ensure the UK remains a partner of choice for space agencies around the world.
This is the latest vote of confidence in our Industrial Strategy, which will give our space sector the certainty it needs to stay at the cutting edge of global innovation, driving growth and good jobs across the UK and showing our Plan for Change is working.
The British space sector generates £18.9 billion each year, supporting over 50,000 jobs, and will be a top priority in the Governm
