UK aeronautical companies are being prevented from bidding for contracts with the European Space Agency because of Brexit uncertainty . Read more: UK aerospace gets £ A number of the agency 's projects are funded by the European Union , including the UK satellite navigation programme , and it is a requirement that firms working on it are based in member countries . This has led to British companies losing out , and others having to specify plans to continue their operations following Brexit . Representatives of the space industry , worth around $ 14bn ( $ 18.6bn ) to the UK economy , outlined their concerns to a parliamentary inquiry on the issue .
UK aeronautical companies are being prevented from bidding for contracts with the European Space Agency because of Brexit uncertainty . A number of the agency 's projects are funded by the European Union , including the UK satellite navigation programme , and it is a requirement that firms working on it are based in member countries . This has led to British companies losing out , and others having to specify plans to continue their operations following Brexit . Representatives of the space industry , worth around $ 14bn ( $ 18.6bn ) to the UK economy , outlined their concerns to a parliamentary inquiry on the issue .