UK To Invest £60m More In Space Program

Britain intends to spend an extra £60 million per year on space technology, by increasing it's investment into the European Space Agency (ESA).

The Chancellor George Osborne, in a speech to the Royal Society, announced that the UK is willing to commit an average of £240m a year, over the next five years to the ESA, increased from the usual investment of £170m.  This has been done in the hope of encouraging domestic job growth via attracting lucrative contracts.