Scheduled start date is April 1st. (No, it's not a joke). The UK already contains 6% of the worldwide space industry valued at 6 billion pounds ($8.94 billion USD; 6.70 billion euros), with 68,000 jobs. The UKSA aims to grow that in 20 years to 10% of the world industry, with 100,000 jobs and a value of £40 billion ($59.57 billion USD; €44.64 billion).
They've got a really neat looking logo:

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