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 Space Agency , including the Galileo 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 relocate their operations following UK . Representatives of the space industry, worth around £14bn ($ 6.5 per cent ) 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 Galileo 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 relocate 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.