Trending News:Case study: HTB beats Christmas deadline to complete £3.3m development exit facilityCase study: Investec completes £11.5m development loan for super-prime residential Wentworth Estate propertyCase study: Inspired Lending completes £1.07m facility for MUFB purchase and refurbishment in CornwallCase study: Mera completes £11m bridging facility on residential property in Holland ParkCase study: Arc & Co. completes complex €11.1m French bridging dealCase study: Paragon completes £3.3m finance package for housing development in YorkCase study: UTB and Iron Bridge Finance team up to fund £10m South London developmentASG Finance completes £1.7M bespoke commercial bridge for 18th-century River Thames propertyAtom bank completes £6.25m commercial refinance for central London hotel chainHTB completes £3.93m development finance loan for commercial project in DarlingtonWhile funding remains a key topic, the retrofit conversation has evolvedRetrofit in 2025: from “How are we going to do this?” to “How can we make it business as usual?”Green belts & new infrastructure: predictions for homebuilding in 2025Case study: Sirius Finance completes £8m revolving credit facility on commercial portfolioCase study: Arc & Co. completes £3.85m funding package for a pre-existing site in ActonCase study: STB completes £10.5m loan to fund large HMO portfolioCase study: Hampshire Trust Bank & specialist broker complete £16.8m BTL funding for Midlands portfolioCase study: Avamore Capital completes £1.1m development loan for Gloucestershire housing projectCase study: Aspen completes £1.14m no valuation bridge on 10-bed ‘party house’ in North DevonCase study: Norton Broker Services completes £342,000 re-bridge loan for joint renovation projectCase study: STB completes £2.3m refinance loan on 8 premium student homes in LiverpoolCase study: StreamBank completes £225K bridging loan in just 15 working daysCase study: LHV Bank completes £7.4m refinancing for Essex shopping paradeCase study: Aspen saves residential project in six weeks with £1.4M loanCase study: Avamore Capital completes £3.6m development loan for nine flats in SuttonCase study: HTB completes £10.92m funding for Stoke-on-Trent PBSA developmentCase study: Hilco provides £21.3m development exit loan to family-owned London property developerCase study: BLEND provides £2.7m senior debt facility for new build housing development in West SussexCase study: HTB completes £12.8m bespoke refinance package on 65 rental units in BournemouthCase study: Cumberland BS partners with Enness Global on £1.1m high-end holiday let projectCase study: Arc & Co. and Quantum team up to complete £4.7m development loan for Cambridgeshire housing projectCase study: Hampshire Trust Bank completes £7.24m loan for redevelopment in Elephant and CastleCase study: Hilco completes £17m bridge to release equity in luxury apartment and commercial developmentCase study: Secure Trust Bank completes £13.7m loan on BTR development in EdinburghCase study: Aspen completes £7.8m bridge for super-prime purchase in KensingtonCase study: HTB completes a trio of development loans totalling £19.7m in three daysCase study: InterBay completes £54.5m refinance deal on ESG accredited officesCase study: MSC completes £27.5m commercial refinance bridgeCase study: Karis Capital completes £4.7m refinance on 28 property BTL portfolioCase study: Hilco completes £6.7m bridge for North East property developerCase study: Shawbrook completes £2.9m development exit loan for holiday home project in AngleseyCase study: Shawbrook provides £23.8m development loan for co-living scheme in CardiffCase study: Inspired Lending completes £844k loan for mixed-use development in BristolCase study: Arc & Co. completes £4.7m development loan for award-nominated project in MacclesfieldCase study: SPF completes £26.8m development loan for YASA’s new headquartersCase study: Aspen completes £3m Bridge-to-Let in under one monthCase study: BLEND completes £3.4m funding for new build development in CornwallCase study: Norton Broker Services completes complex mid-conversion bridge for residential developmentCase study: HTB completes 43-property portfolio refinance in five daysCase study: TAB converts bridging loan into long-term mortgage for £1.8m office building in WakefieldCase study: Inspired Lending and Life Financial Solutions complete £934k loan for residential development in KentCase study: Hilco completes £5.3m bridge for Manchester property developerCase study: TML completes complex self-employed case with large loans dealCase study: Word On The Street completes £8m BTL portfolio refinanceCase study: RAW Capital Partners completes BTL mortgage in four-daysCase study: Mortimer Street Capital completes £1.4m care home purchase via dual bridging facilityCase study: Aspen completes £1.13m Development Exit loan in 14 daysCase study: Paragon provides £25m development funding for housing scheme in EssexCase study: Hilco completes £4.5m development exit loan against Wimborne residential propertiesCase study: Aspen completes £6.95m light-development loan for super-prime Kensington projectDetective reported journalist’s lawyers to regulator in ‘unlawful’ PSNI surveillance caseUnmasked: The Evil Corp cyber gangster who worked for LockBitHow to make the CMO your best friendBusinesses are getting some value from AI, but struggling to scaleOpen source is not a trust issue, it’s an innovation issueWellcome Sanger Institute revamps genome sequencing datacentre to cut energy usageAI advances in cancer careCase study: Secure Trust Bank completes £3.4m loan for luxury housing development in SurreyCyber teams say they can’t keep up with attack volumesThe cyber industry needs to accept it can’t eliminate riskHow to keep datacentres coolCase study: InterBay completes £42.5m refinance deal on large semi-commercial and buy to let portfolioCase study: Octopus completes £24m brownfield redevelopment loan for Wavensmere HomesUK on high alert over Iranian spear-phishing attacks, says NCSCCyber companies need a best practice approach to major incidents.Defaulting to open: Decoding the (very public) CrowdStrike eventPrinting vulnerability affecting Linux distros raises alarmCase study: HTB secures £9.5m loan in challenging £14m portfolio restructureRacist Network Rail Wi-Fi hack was work of malicious insiderUK government secures £10bn AI datacentre investment from US firmIslamophobic cyber attack downs Wi-Fi at UK transport hubsSemiconductor market scaleups to benefit from multimillion-pound investment from Innovate UKCase Study: Suros Capital saves overseas property purchase with asset-backed loanCase study: Assetz Capital funds 84 unit serviced apartment in BelfastCrowdStrike apologises to US government for global mega-outageGoogle Cloud files complaint with European Commission over Microsoft’s cloud licensing practicesNetApp E-series: Not part of the big message, but here to stay, says CEOCase study: CapitalRise closes £8 million senior development loan for luxury housing project in WimbledonMoney transfer firm MoneyGram rushes to contain cyber attackHow to respond when your cyber company becomes the storyUnique malware sample volumes seen surgingPure punts raft of unifying features in FlashBlade file and objectPowering Britain’s economy – datacentres gain in statusNetApp maintains push to data management for AISecurity Think Tank: Win back lost trust by working smarterMicrosoft shares progress on Secure Future InitiativeBenioff’s Agentforce gambit might just workHome Office eVisa scheme is ‘broken’, says Open Rights GroupGartner: Mitigating security threats in AI agentsIT Sustainability Think Tank: Rethinking tech management for the AI future
Trending News:Case study: HTB beats Christmas deadline to complete £3.3m development exit facilityCase study: Investec completes £11.5m development loan for super-prime residential Wentworth Estate propertyCase study: Inspired Lending completes £1.07m facility for MUFB purchase and refurbishment in CornwallCase study: Mera completes £11m bridging facility on residential property in Holland ParkCase study: Arc & Co. completes complex €11.1m French bridging dealCase study: Paragon completes £3.3m finance package for housing development in YorkCase study: UTB and Iron Bridge Finance team up to fund £10m South London developmentASG Finance completes £1.7M bespoke commercial bridge for 18th-century River Thames propertyAtom bank completes £6.25m commercial refinance for central London hotel chainHTB completes £3.93m development finance loan for commercial project in DarlingtonWhile funding remains a key topic, the retrofit conversation has evolvedRetrofit in 2025: from “How are we going to do this?” to “How can we make it business as usual?”Green belts & new infrastructure: predictions for homebuilding in 2025Case study: Sirius Finance completes £8m revolving credit facility on commercial portfolioCase study: Arc & Co. completes £3.85m funding package for a pre-existing site in ActonCase study: STB completes £10.5m loan to fund large HMO portfolioCase study: Hampshire Trust Bank & specialist broker complete £16.8m BTL funding for Midlands portfolioCase study: Avamore Capital completes £1.1m development loan for Gloucestershire housing projectCase study: Aspen completes £1.14m no valuation bridge on 10-bed ‘party house’ in North DevonCase study: Norton Broker Services completes £342,000 re-bridge loan for joint renovation projectCase study: STB completes £2.3m refinance loan on 8 premium student homes in LiverpoolCase study: StreamBank completes £225K bridging loan in just 15 working daysCase study: LHV Bank completes £7.4m refinancing for Essex shopping paradeCase study: Aspen saves residential project in six weeks with £1.4M loanCase study: Avamore Capital completes £3.6m development loan for nine flats in SuttonCase study: HTB completes £10.92m funding for Stoke-on-Trent PBSA developmentCase study: Hilco provides £21.3m development exit loan to family-owned London property developerCase study: BLEND provides £2.7m senior debt facility for new build housing development in West SussexCase study: HTB completes £12.8m bespoke refinance package on 65 rental units in BournemouthCase study: Cumberland BS partners with Enness Global on £1.1m high-end holiday let projectCase study: Arc & Co. and Quantum team up to complete £4.7m development loan for Cambridgeshire housing projectCase study: Hampshire Trust Bank completes £7.24m loan for redevelopment in Elephant and CastleCase study: Hilco completes £17m bridge to release equity in luxury apartment and commercial developmentCase study: Secure Trust Bank completes £13.7m loan on BTR development in EdinburghCase study: Aspen completes £7.8m bridge for super-prime purchase in KensingtonCase study: HTB completes a trio of development loans totalling £19.7m in three daysCase study: InterBay completes £54.5m refinance deal on ESG accredited officesCase study: MSC completes £27.5m commercial refinance bridgeCase study: Karis Capital completes £4.7m refinance on 28 property BTL portfolioCase study: Hilco completes £6.7m bridge for North East property developerCase study: Shawbrook completes £2.9m development exit loan for holiday home project in AngleseyCase study: Shawbrook provides £23.8m development loan for co-living scheme in CardiffCase study: Inspired Lending completes £844k loan for mixed-use development in BristolCase study: Arc & Co. completes £4.7m development loan for award-nominated project in MacclesfieldCase study: SPF completes £26.8m development loan for YASA’s new headquartersCase study: Aspen completes £3m Bridge-to-Let in under one monthCase study: BLEND completes £3.4m funding for new build development in CornwallCase study: Norton Broker Services completes complex mid-conversion bridge for residential developmentCase study: HTB completes 43-property portfolio refinance in five daysCase study: TAB converts bridging loan into long-term mortgage for £1.8m office building in WakefieldCase study: Inspired Lending and Life Financial Solutions complete £934k loan for residential development in KentCase study: Hilco completes £5.3m bridge for Manchester property developerCase study: TML completes complex self-employed case with large loans dealCase study: Word On The Street completes £8m BTL portfolio refinanceCase study: RAW Capital Partners completes BTL mortgage in four-daysCase study: Mortimer Street Capital completes £1.4m care home purchase via dual bridging facilityCase study: Aspen completes £1.13m Development Exit loan in 14 daysCase study: Paragon provides £25m development funding for housing scheme in EssexCase study: Hilco completes £4.5m development exit loan against Wimborne residential propertiesCase study: Aspen completes £6.95m light-development loan for super-prime Kensington projectDetective reported journalist’s lawyers to regulator in ‘unlawful’ PSNI surveillance caseUnmasked: The Evil Corp cyber gangster who worked for LockBitHow to make the CMO your best friendBusinesses are getting some value from AI, but struggling to scaleOpen source is not a trust issue, it’s an innovation issueWellcome Sanger Institute revamps genome sequencing datacentre to cut energy usageAI advances in cancer careCase study: Secure Trust Bank completes £3.4m loan for luxury housing development in SurreyCyber teams say they can’t keep up with attack volumesThe cyber industry needs to accept it can’t eliminate riskHow to keep datacentres coolCase study: InterBay completes £42.5m refinance deal on large semi-commercial and buy to let portfolioCase study: Octopus completes £24m brownfield redevelopment loan for Wavensmere HomesUK on high alert over Iranian spear-phishing attacks, says NCSCCyber companies need a best practice approach to major incidents.Defaulting to open: Decoding the (very public) CrowdStrike eventPrinting vulnerability affecting Linux distros raises alarmCase study: HTB secures £9.5m loan in challenging £14m portfolio restructureRacist Network Rail Wi-Fi hack was work of malicious insiderUK government secures £10bn AI datacentre investment from US firmIslamophobic cyber attack downs Wi-Fi at UK transport hubsSemiconductor market scaleups to benefit from multimillion-pound investment from Innovate UKCase Study: Suros Capital saves overseas property purchase with asset-backed loanCase study: Assetz Capital funds 84 unit serviced apartment in BelfastCrowdStrike apologises to US government for global mega-outageGoogle Cloud files complaint with European Commission over Microsoft’s cloud licensing practicesNetApp E-series: Not part of the big message, but here to stay, says CEOCase study: CapitalRise closes £8 million senior development loan for luxury housing project in WimbledonMoney transfer firm MoneyGram rushes to contain cyber attackHow to respond when your cyber company becomes the storyUnique malware sample volumes seen surgingPure punts raft of unifying features in FlashBlade file and objectPowering Britain’s economy – datacentres gain in statusNetApp maintains push to data management for AISecurity Think Tank: Win back lost trust by working smarterMicrosoft shares progress on Secure Future InitiativeBenioff’s Agentforce gambit might just workHome Office eVisa scheme is ‘broken’, says Open Rights GroupGartner: Mitigating security threats in AI agentsIT Sustainability Think Tank: Rethinking tech management for the AI future
“We’re about to see a revolution in space. Very few people have even grasped how much of a revolution it’s going to be.”
If that claim came from the marketing director of a technology company, you’d probably roll your eyes. Yeah, yeah – space is going to be big, right? Heard it all before…
Well, considering that quote comes from someone who’s been there – literally – and done it, and really knows what he’s talking about, maybe we should listen. Because Tim Peake is excited.
As Britain’s first male astronaut – and one of only seven UK-born people to go into space – you might think, what with spending six months on the International Space Station, and being the first Brit to perform a spacewalk, what more is there to be excited about?
“The UK space sector is in a great place at the moment, and it’s well positioned to take advantage of what’s coming up,” Peake tells Computer Weekly, as he explains the milestone that is about to be achieved.
“In 2011, when the last space shuttle flew, it would have cost you $57,000 to put a kilogramme on that shuttle to low Earth orbit. Today, with a Falcon Heavy on SpaceX, they’ll do that for about $1,500. When Elon Musk’s Starship flies, it’s probably around $200 to $300. So in the space of just over a decade, we’ve gone from $57,000 to 200 bucks to get a kilogramme into space.”
Hitting that price point is going to open up enormous opportunities to do things in space that, before now, were conceivable but not physically possible. “Suddenly, all sorts of stuff that we thought was science fiction and decades away becomes economically viable today,” says Peake.
We’re about to see a revolution in space. Very few people have even grasped how much of a revolution it’s going to be Tim Peake, astronaut
By way of example, he cites the European Space Agency (ESA) Solaris project, which aims to build a solar energy farm in space – a 10km2 array that will beam electrical power to Earth via microwave connections. Some forecasts predict Solaris could provide 10% of Europe’s electricity needs by 2050.
“[The ESA’s] price point was $1,000 per kilogramme. As soon as you drop below that, it becomes economically viable – as simple as that. It’s just a price point. And we’re very, very close to achieving that price point,” says Peake.
Factories in space
What else? How about building factories in space? “Mass-producing stuff in space that you can’t build here on Earth – at $200 per kilogramme, and with a rocket that can take 150 tonnes to low-Earth orbit on every single launch, this isn’t sci-fi anymore, this is very near reality,” he says.
The UK, Peake says, is well placed to take advantage of these upcoming developments. The UK space sector is worth about £17.5bn to the economy with more than 50,000 people directly employed, he says, citing investment in the OneWeb satellite constellation. Clyde Space – a Glasgow-based small satellite company, the Harwell space cluster in Oxfordshire, the National Space Academy in Leicester, the Goonhilly Earth Station in Cornwall, and the government’s UK space ports initiative.
“We have been very fortunate to have a very good UK space sector for a number of years now,” he says. “For a long time, it was kind of like a little hidden jewel that nobody really knew about. I think we’ve been very clever about the way we’ve invested in our technology.”
The US space programme is famously credited with bringing all sorts of advanced technologies into our everyday lives – or at least, with innovations such as Teflon, Velcro and memory foam, finding uses for them that helped lead to successful consumer products.
Today’s space tech sector already underpins many aspects of enterprise IT that digital chiefs take for granted, such as the positioning, navigation and timing (PNT) signal transmitted from GPS satellites.
“A study [in 2022] by London Economics said the UK economy would take a hit of £5bn per day if we lost PNT, because that signal is so valuable to everything. Not just from your GPS signals, but from banking transactions to digital systems that all rely on that precise timing. A lot of stuff that people won’t even realise they’re using today, in terms of satellite technology, phone technology, weather forecasting systems and climate modelling,” says Peake.
“With the onset of new technologies like quantum and artificial intelligence, more connectivity, computing power, these kinds of things, they become more and more relevant, more important, and space becomes an area that can help with that connectivity.”
Peake says that when he went into space in 2015, there were 4,000 satellites around the Earth. Today, Elon Musk’s SpaceX alone has 6,000.
Mission control
Increasingly too, the flow of innovation is working both ways, as technologies developed for the enterprise offer benefits in space – not least through the potential of artificial intelligence (AI).
“A future where humans are working with AI is going to be a better future than without AI,” says Peake. “We need to make sure we take advantage of that without the flip side of the risks.”
He envisages a future AI-based Mission Control Centre, required on a journey to Mars where the 20-minute communication delay means a conventional mission control is no use in an emergency – by the time the comms have reached Earth, it could already be too late.
“A future where humans are working with AI is going to be a better future than without AI. We need to make sure we take advantage of that without the flip side of the risks”
Tim Peake, astronaut
“You can have a remote Mission Control Centre that’s got AI that can help with decision-making processes, that understands intricately the spacecraft and the environment you’re operating in, and can inform the crew to make timely, life-changing or life-saving decisions,” he says, while pointing out that, for anyone who’s watched the movie 2001: A Space Odyssey, nobody is going to allow AI to have unfettered control of the spaceship’s airlock.
Other potential applications include robotic technology with haptic feedback that could be used for medical emergencies in space, as well as enabling humans in a safe environment to make use of robots in an unsafe environment.
“These kinds of areas are where technology is really going to help to advance what we’re doing in space,” he says.
Peake will be showcasing some of these technologies as part of Future Lab, an exhibition staged at the Goodwood Festival of Speed, where startups will demonstrate innovative products in areas such as drones, robotics, holograms and environmental technologies. The exhibition aims to engage 11-to-16-year-olds, a cohort for which he has a particular interest.
STEM education
Peake was also the UK’s first honorary science, technology, engineering and maths (STEM) ambassador, helping to support 35,000 volunteers who encourage young people’s interest in STEM careers.
Attracting young people – and people from diverse backgrounds – into tech education and careers has long been a source of frustration for many in the IT and digital sector, not least considering the significant skills shortages that continue to hold back the UK’s progress. Peake understands the issue, but sees signs that things are getting better.
“While it’s a problem, actually, we have a greater STEM uptake at the moment than we’ve ever had before,” he says.
Industry has to be innovative, adaptable and fast-paced … but you can’t expect the education sector to be bouncing around at the same pace in terms of the curriculum. It is up to the bigger companies to run apprenticeships and programmes that will upskill younger graduates coming out of [education] Tim Peake, astronaut
“But it’s clear, although they’re on the way up, they are still not meeting industry’s demand. And I think that shows how much tech, engineering, science, computing studies and so on are accelerating, at such a rate that even though we have more young people getting involved it still can’t keep up with the demand. What we need to do is do more of the same because it’s obviously working. But we need to close the gap between what young people are learning at school and what the industry actually needs.”
Peake cites initiatives such as T-levels, apprenticeships, greater opportunities for work experience and University Technical Colleges as positive examples of the connections between education and industry delivering better results from working together.
“There’s always room to do better. It is a case of looking at what is working and doing more of it,” he says.
“Industry has to be innovative, adaptable and fast-paced, and we don’t want to slow it down. But you can’t expect the education sector to be bouncing around at the same pace in terms of the curriculum. It is up to the bigger companies to run apprenticeships and programmes that will upskill younger graduates coming out of [education].
“There will never be a perfect, seamless route from education into industry – that’s a utopia we will not achieve. But what we can do is close the gap and make it less of a rocky road.”
Back into space
Peake hopes his days as an astronaut are not yet over. He’s in touch with the crews training to be the first to return to the moon – Nasa hopes to make the first crewed landing since Apollo 17 in late 2026. While he thinks a moon shot is out of his reach, Peake is hoping to return to space: “I’d like to think I’ve got the opportunity to go back to the ISS within the next couple of years, which is looking really positive at the moment.”
For anyone who marvels at space travel, or who has watched clips of humanity’s first forays to the moon, or even just seen the remarkable photography of space-suited astronauts floating above Earth, there is one question it’s almost impossible not to ask when you meet a real-life astronaut.
Tim Peake will be showcasing technologies with space potential at the Future Lab exhibition, where startups will demonstrate innovative products in areas such as drones, robotics, holograms and environmental technologies
It is surely the question Peake is asked more than any other, but he’s gracious enough to answer – and to exhibit more of that lingering excitement – when Computer Weekly asks: So, what’s it like to go into space?
“Two things are pretty special,” he says. “The first is the feeling of weightlessness. You’re very, very aware you’re in a different environment because you’re floating. And everything feels very, very strange and unique.
“But really it’s all about the view. It’s all about looking out the hatch, looking down on planet Earth, and seeing the universe from a completely different perspective. Seeing the planet against the backdrop of the blackness of space is absolutely life-changing. It’s something I wish more people could experience.
“It does make you realise how small the Earth looks from space. We all share the same atmosphere, we all share the same planet, we need to get on and collaborate and work together.”
Tim Peake is an ambassador for Future Lab, and will be appearing at the Goodwood Festival of Speed on 11-14 July 2024.
Detective reported journalist’s lawyers to regulator in ‘unlawful’ PSNI surveillance case
A former detective brought in to investigate the confidential sources of two journalists who exposed collusion between police in Northern Ireland and paramilitary groups reported solicitors acting on their behalf…
Unmasked: The Evil Corp cyber gangster who worked for LockBit
The UK’s National Crime Agency (NCA) has named and shamed a high-profile LockBit affiliate as its ongoing Operation Cronos takedown action against the notorious gang continues, exposing a relationship with…
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.