Economic Impact of Shetland Space Centre

BiGGAR Economics was commissioned to estimate the economic benefits from the construction and operation of a space centre in Unst, in the Shetland Islands.

The study found that the space centre could have a transformative impact on the economy of Unst and across Shetland. The launch facility will eventually create circa 140 jobs on Unst and inject at least £4.9m per annum into the island’s economy. It will provide a further 70 jobs throughout Shetland, adding a further £2.9m in gross value per annum to the economy.

The space centre will be an important element in the Scottish space sector landscape, support the launch of small satellites, contribute to diversify the economic base of Shetland and act as a catalyst of investment.

Posted 03.02.21