ABSTRACT

The Isle of Man space strategy is highlighted to show how space initiatives in small jurisdictions can benefit the local environment, whilst addressing international markets and abiding by international conventions. The initiative to create a space industry on the Isle of Man came in 1998 by a private company called ManSat Ltd. The public private group is comprised of the Isle's leading insurance firms, tax and accounting firms, legal offices, corporate service providers, banks, satellite companies and space-related businesses, as well as relevant government departments. Economic development is the primary objective of the Manx government's strategy with limited focus on engaging directly in space science or exploration. The Isle of Man has appointed a commercial due diligence and risk management service provider experienced in space insurance to further examine the risk element as it may apply to the Isle of Man Government in regards to the licensing process and third party liability.