Oxfordshire based Swedish Space Corporation invest in joint UK/Swedish start-up
GlobalTrust, began its UK operation at the end of 2020, taking office space at the Harwell Campus, Oxfordshire – further strengthening the space cluster. The start-up will combine the latest technologies, and build on the excellent market-facing work conducted by the Satellite Applications Catapult here in the UK, by creating and operationally providing services in CSR, investor-focused intelligence, as well as assisting public sector organisations create and deliver better public policy.
SSC’s CEO Stefan Gardefjord said:
“GlobalTrust represents an exciting development for SSC, by providing a focus outside of its core space markets and into a wider range of sectors that have challenges that space technologies can help to solve. This venture therefore represents both the creation of a new business-line within the SSC group, but also supports and encourages growth in the need for high quality space capabilities in its traditional business activities.”
GlobalTrust’s CEO, Dr Richard Hilton said:
“We believe that GlobalTrust has emerged right at the critical point when technology, corporate need and societal expectations have collided, and there is now a strong appetite to make positive changes. Therefore, an opportunity for an independent and trusted entity to serve this demand exists. It starts not with just a good idea but builds upon many decades of experience in the space sector and with the Environmental, Social and Governance (ESG) market. We are well placed to hit the ground running in both the UK and Sweden.”
The Satellite Applications Catapult’s CEO Stuart Martin said:
”The Satellite Applications Catapult was created to stimulate and develop the space sector in the UK, and the formation of new businesses to achieve this goal is an important aspect of our work. GlobalTrust is the latest in a series of very high potential spin-outs from the Catapult, and its clear focus on tackling complex global issues and delivering lasting cultural change in the corporate world aligns strongly with our own vision. I look forward to seeing this new organisation develop and deliver significant impact in our rapidly changing world.”