Scottish Enterprise is a Scottish Government agency that plays a key role in supporting the growth of Scotland's space sector. It provides strategic business advice, funding, and investment to entrepreneurs, startups, and established companies in the space industry. Scottish Enterprise also focuses on talent development, promoting Scotland as a leading space nation, and fostering innovation in areas like small satellite manufacturing, launch services, and data analysis.
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The funding and assistance package supporting Mangata’s Prestwick hub totals more than £83.7 million from Scottish Enterprise, the Scottish Government, the UK Government, and South Ayrshire Council.
The funding package for Mangata’s Prestwick hub comprises £54.5 million from Scottish Enterprise and £29.2 million from the Ayrshire Growth Deal provided on commercial terms and to be repaid over the next 15 years.
Scottish Enterprise invested 54 million British pounds to construct the Mangata hub, including a $3,000,000 investment in Mangata’s $33,000,000 Series A investment round in January.
Scottish Enterprise awarded Mangata Networks 3.6 million British pounds in research and development grant funding in March.
Scottish Enterprise provided R3-IoT with equity and grant funding through the Early Stage Growth Challenge Fund.
Scottish Enterprise provided R3-IoT with an integrated package of support that included participation in the High Growth Ventures programme.
In June, AAC Clyde Space received a £2,300,000grant from Scottish Enterprise to co-fund development, manufacturing, and operations of a new generation of nanosatellites and small satellites based on a standard modular design.
The Scottish Enterprise grant to AAC Clyde Space will be paid over three years and is designed to cover 50% of AAC Clyde Space’s cost of developing the next generation of satellites.
Several parts of the xSPANCION project will benefit from development work financed by Scottish Enterprise announced in June 2020.
The UK Government Geospatial Commission, Scottish Enterprise, and the Scottish Government are helping to establish the Scottish Geospatial Network Integrator with a £200,000 joint investment.