The director of the International Institute of Space Commerce has said the Isle of Man is well respected in the space industry.

Professor Walter Peeters heads up the Douglas based institute which is a “think tank” for space activity and ideas.

The institute was made an official member of the International Astronautical Federation – the most prestigious institution in the space community – in October.

Speaking to 3FM Professor Peeters said there the Island’s exploits were being recognised across the world: Listen here