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Written question asked by Nick Smith (Labour) on Tuesday, 20 April 2021, in the House of Commons. It was due for an answer on Monday, 26 April 2021 (named day). It was answered by Amanda Solloway (Conservative) on Monday, 26 April 2021 on behalf of the Department for Business, Energy and Industrial Strategy.


OneWeb: Finance

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 22 February 2021 to Question 152466 on OneWeb, how much the Government has allocated for future funding to OneWeb in the next (a) 12 and (b) 36 months; and which additional shareholders are being considered.

Answer

The Government do not propose to invest further in OneWeb. The Government, together with other OneWeb shareholders, is engaged in discussions with a range of potential partners about future funding and bringing in additional shareholders. For reasons of commercial sensitivity, the Government cannot provide details of potential investors before they are formally announced.


Secondary information

Type
Written question
Reference
184413
Session
2019-21
Related items
OneWeb
Monday, 22 February 2021
Written questions
House of Commons
Subjects
Finance OneWeb
Link
View this Written question on www.parliament.uk