Generally, the £6.5 million budget is intended to activate schemes and projects which will in turn magnify the space sector and its impact on the UK economy.

The funding is divided into a range of projects which can be classed in the following manner:
1. Scientific research projects, such as a project to study the potential of establishing a space observatory in Snowdonia, being a national reserve with minimal light and signal pollution provides highly desired qualities for precise astronomical observations.
2. Developing space technology for addressing local issues on Earth such as using Earth Observation data to combat climate change. This line of projects can also aid innovative engineering companies hence directly expanding the UK space sector.
3. Maintaining and developing vital and strategic technology in the UK. This includes a £485,000 for STFC RAL Space's Chilbolton Advanced Satellite Tracking Radar in Hampshire, which is capable of tracking miniature objects in space.

An important part of this funding scheme is dedicated to advancing a network of well-established, well-coordinated space centres known as Space Clusters across the UK. Dr Paul Bate, Chief Executive of the UK Space Agency,
said:

"Establishing a network of space clusters and high impact projects will accelerate the development of the thriving space ecosystem the UK needs to realise the full economic potential of space across the UK.

We’ve been working with the regions to understand their strengths and the needs of their local space economies so that we can back these clusters of excellence to collaborate, grow and thrive."

This will also link Space Clusters with regional innovators and drive high impact, local projects such as:
Space Technology and Exploitation Programme – ADS Northern Ireland
Funding: £495,000
GreenSpace – Space Hub Yorkshire
Funding: £483,000
Pivot into Space - Midlands Aerospace Alliance
Funding: £500,000