Innovate UK is a non-departmental public body that drives innovation across various sectors, including the space industry, by connecting businesses, academia, and research organizations. It acts as a key funding and support provider for space-related projects, offering grants, loans, and investor partnerships to businesses from seed to scale stage. Innovate UK collaborates with organizations such as the UK Space Agency and the European Space Agency to promote space technology development, applications, and services, aiming to grow the UK's space economy and foster international partnerships. Associated keywords include: space innovation, funding, UK Space Agency, research and development, and business growth.
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Methera received 317,514 kg of funding from Innovate UK for development of a low-cost terminal design.