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The new UK Space Agency (UKSA) will take over responsibility for government policy and the key budgets for space, according to ministers.
The agency, which comes into being on 1 April, will also represent Britain on space matters in all negotiations with international partners.
The UKSA's name, logo and remit were announced at a conference in London.
Its establishment should bring more coherence to space policy - something critics say has been missing for years.
In particular, it is hoped an executive agency that can champion British interests abroad will help an already successful space industry to grow still further.