Written question asked by Owen Thompson (Scottish National Party) on Monday, 6 July 2020, in the House of Commons. It was due for an answer on Thursday, 9 July 2020 (named day). It was answered by Amanda Solloway (Conservative) on Thursday, 9 July 2020 on behalf of the Department for Business, Energy and Industrial Strategy.
OneWeb: Investment
- Question
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To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish the (a) business case and (b) risk assessment for the decision to invest in OneWeb.
- Answer
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OneWeb holds a position as a global leader in Low Earth Orbit technology. This investment secures that leading position and signals the Government’s ambition for the UK to be a pioneer in high-tech satellite technology.
Due diligence has shown that the investment is going to be commercially sound and is likely to make an economic return. Our investment provides a stable platform for OneWeb’s development and unlocks a range of future commercial and strategic opportunities for the UK.
Secondary information
- Type
- Written question
- Reference
- 69623
- Session
- 2019-21
- Subjects
- Investment OneWeb
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2020-07-23 23:10:28 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/69623
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/69623
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/69623