Pioneering research and skills
Engineering and Physical Sciences Research Council
The sky’s the limit The European Space Agency’s Galileo satellite navigation system is being launched with technology developed by British satellite manufacturers Surrey Satellite Technology Ltd. A recent study estimates that between 2006 and 2025 Galileo is likely to bring cumulative economic benefits to the nation of over £18 billion, from developments in areas such as transport safety improvements and environmental benefits from shorter journey times. Surrey Satellite Technology Ltd, which was set up in 1985 to commercialise EPSRC-funded research at the University of Surrey, made its reputation for building high performance low cost satellites and ground systems. The company was sold in 2008 to space technology giant EADS Astrium for £40 million. With 300 staff, it is the world’s leading small satellite company, with export sales of over £150 million. To download the Growth Stories app visit www.epsrc.ac.uk/growth
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