Isle Of Man / Ellan Vannin

Isle of Man space industry hopes boosted by visit

A visit from senior executives from the international Space Foundation has boosted industry hopes of government and business in the Isle of Man.

The non-profit organisation acts as an advocate for different sectors of the industry.

The island visit will include business and government briefings as well as a meeting with local science teachers.

The government said it was hoped the visit would showcase the island and encourage further industry development.

Isle of Man government figures from 2011 indicated that the global space industry was worth about $300bn a year and the island's share of the profits had reached the billion mark.

The island is the headquarters for 12 space firms which are involved in work such as developing space tourism technology and satellite communications.

In 2010 industry analyst Ascend named the island as the fifth most likely nation to put the next person on the moon.

The visit is taking place on Thursday and Friday.

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