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Written question asked by Theresa Villiers (Conservative) on Friday, 28 August 2020, in the House of Commons. It was due for an answer on Wednesday, 2 September 2020. It was answered by Amanda Solloway (Conservative) on Tuesday, 8 September 2020 on behalf of the Department for Business, Energy and Industrial Strategy.


OneWeb: Cost Effectiveness

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, what value for money assessment he has carried out on the Government's investment in the One Web satellite system.

Answer

The Government carried out a detailed examination of the business which demonstrated a rational commercial case for investment. As my Rt. Hon. Friend the Secretary of State set out, even with substantial cuts to OneWeb's base case financial projections, the investment would have a positive return.


Secondary information

Type
Written question
Reference
81637
Session
2019-21
Subjects
Cost effectiveness Satellites OneWeb
Link
View this Written question on www.parliament.uk