The Kopernikus programme is dedicated to acquiring and collating satellite data on the health of the planet.
Although Britain says it recognises the project's high value, especially for monitoring the climate, it has so far declined to take a lead in the venture.
Industry and academia have called for a swift change in government policy.
Failure to adopt a more positive approach before a critical meeting of Europe's space ministers next month will put expertise and jobs in the UK at risk, they warn.
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