The rise of UK space engineering

The UK is the second largest player in space engineering, after the USA. A leader in a range of technologies, including communications/weather satellites, planet vehicles and nuclear space batteries, the sector currently employs over 30,000 people directly and delivers annual revenues in excess of £10 billion for the UK economy.

The UK Government recognises both the importance of a large and rapidly growing market sector and the strong position that the UK holds within it.

The Government announced in 2012 that, through the UK Space Agency, it plans to invest £1.2 billion in some of Europe’s largest and most lucrative space projects. These investments will strengthen the UK’s role across a range of disciplines and, it is estimated, will contribute some £1 billion of orders per year for UK businesses.

On 18 March 2013, the UK Government announced it will provide a further £2 billion of funding to the aviation industry over a seven year period.  It is forecast that this investment will contribute to the creation of an additional 115,000 jobs.

A characteristic of the space and aviation sectors is their large-scale need for a broad range of high-value skills and disciplines, including engineering, science, project management, production, service, IT, training and finance. The aircraft sector will be competing for many of the same candidates as the space sector.

Nebula Space sees a changing employment market over the next 10 years as the market adapts to significant, ongoing growth, new market entrants and a more mobile workforce.

 

Demand for space professionals is growing, here’s how to attract the talent you need

The UK, Europe and the USA are forecasting huge growth in the space sector between now and 2030 as governments and the private sector seek to harness the strategic and commercial opportunities on offer. Significant investment is also forecast from many other developed and emerging countries, with China at the forefront.

This will put immense pressure on the demand for experienced personnel across the full spectrum of the space job market.

It is already recognised, by government and industry, that there are chronic shortages of skilled and experienced engineers. The anticipated growth will put even greater strain on the recruitment market so competition for the best resources will become even more intense.

At the same time, the age profile of space professionals suggests further pressure as a significant percentage of people are approaching retirement at the same time as there are lower numbers of new entrants. The industry relies heavily on highly educated people, and these same people are equally in demand from other sectors.

Governments and industry are investing heavily in new training strategies and facilities but it will take some time for these initiatives bear fruit.

At Nebula Space, we believe that corporate recruitment processes will need to change if organisations are to attract the talent they need and avoid missing out.

Nebula’s space engineering experience gives us a unique perspective from the viewpoints of the hiring manager and the job seeker.  This allows us to achieve the right matches for both parties. The efficiency of our approach reduces time, cost and disruption for everyone and helps employer and employee compete more effectively in the rapidly evolving jobs market.