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Economic Development

Liverpool and Greater Manchester will have 'key role in global space economy' thanks to landmark deal with Axiom Space

Liverpool City Region Mayor Steve Rotheram and his Greater Manchester counterpart Andy Burnham have signed a landmark deal with Axiom Space

From left: Mayor of Liverpool City Region, Steve Rotheram; chief revenue officer at Axiom Space, Tejpaul Bhatia; and Mayor of Greater Manchester, Andy Burnham(Image: Liverpool City Region Combined Authority)

The North West is set to play a major role in the global space economy, following a landmark agreement between Mayor Steve Rotheram and his Greater Manchester counterpart Andy Burnham with Axiom Space - the developer of the first commercial space station.

The Memorandum of Understanding (MoU) will lay the groundwork for collaboration on space-based research, development, and manufacturing, with the aim of positioning the North West as a global hub for innovation in microgravity science and space technology.

Tech firms are investing in in-space manufacturing they say could bring about a revolution in industries worldwide. Now, the North West is poised to take a leading role in this rapidly expanding sector, which is projected to be worth £490 billion globally by 2030.

The agreement signed this week builds upon discussions between Mayor Rotheram and British astronaut Tim Peake, a strategic advisor to Axiom Space, as well as conversations between Axiom and Mayor Burnham at the South by Southwest festival in 2023.

Mr Peake has been a strong advocate for the º£½ÇÊÓÆµ's potential in space-based innovation and has supported efforts to link scientific research and commercial opportunities with º£½ÇÊÓÆµ regions, reports .

Axiom Space, a leading provider of commercial human spaceflight services, is not only facilitating missions to the International Space Station (ISS) but also pioneering the world's first commercial space station, Axiom Station. The company is fuelling innovation and research in microgravity and crafting advanced spacesuits for lunar and low-Earth orbit missions.

Steve Rotheram, Mayor of Liverpool City Region, said: "For centuries, our region has been at the forefront of innovation-from the world's first passenger railway to breakthroughs in modern medicine. Now, we're looking to space as the next great frontier for our expertise in advanced manufacturing materials science, and biotech.

"This collaboration with Axiom Space puts us at the cutting edge of a global industry that's predicted to be worth nearly half a trillion pounds within the decade. The Liverpool City Region has the talent, ambition, and infrastructure to lead the way, attracting investment, creating high-skilled jobs, and ensuring that space-based research delivers real-world benefits for people and businesses here on Earth."