Possible UK spaceport sites to be announced

A list of eight possible locations across the UK for the first British spaceport will be announced this week at the Farnborough air show.

Representatives from the UK Space Agency will join government ministers to reveal the potential locations for a dedicated spaceport which they hope will be ready by 2018.

Virgin Galactic's rocket SpaceShipTwo Credit: Virgin Galactic

As part of ambitious plans the Government aims to capture 10% of the world's space market by 2030, citing figures that the UK sector has grown by just over 7% in the past two years, making it worth £11 billion and employing 34,000 people.

Business Secretary Vince Cable, who will make the announcement on Tuesday, said: "This week we will announce the next steps for this country's space race and how we will take one giant leap towards creating the first British spaceport, making space travel one step closer for all".