Scientists are set to uncover the secrets of a rare meteorite and possibly the origins of oceans and life on Earth, thanks to Science and Technology Facilities Council (STFC) funding.

Research carried out on the meteorite, which fell in the UK earlier this year, suggests that the space rock dates back to the beginning of the Solar System, 4.5 billion years ago.

The meteorite has now been officially classified, thanks in part to the STFC-funded studies on the sample.

The Winchcombe meteorite, aptly named after the Gloucestershire town where it landed, is an extremely rare type called a carbonaceous chondrite. It is a stony meteorite, rich in water and organic matter, which has retained its chemistry from the formation of the solar system. Initial analyses showing Winchcombe to be a member of the CM ("Mighei-like") group of carbonaceous chondrites have now been formally approved by the Meteoritical Society.

Planetary scientists estimate that each year, about 500 meteorites survive the fiery trip through Earth's atmosphere and fall to our planet's surface. Most are quite small, and less than 2% of them are ever recovered. While the majority of rocks from space may not be recoverable due to ending up in oceans or remote, inaccessible areas, other meteorite falls are just not witnessed or known about.

But new technology has upped the number known falls in recent years. Doppler radar has detected meteorite falls, as well as all-sky camera networks specifically on the lookout for meteors.