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Lords motion to take note of the report of the UK Engagement with Space Committee on The Space Economy: Act Now or Lose Out (HL 190 2024-26). Agreed to on question.
Lords motion to take note of the report of the UK Engagement with Space Committee on The Space Economy: Act Now or Lose Out (HL 190 2024-26). Agreed to on question.
I thank my noble friend the Minister for that reply. Given that, in the space inquiry we conducted, The Space Economy: Act Now or Lose Out, we identified that the space sector is worth £18.6 billion to the economy, employs 55,000 people and is growing a rate of about 6% a year, can she tell us more about the priorities across government, as space impinges on every aspect of our lives?
I thank my noble friend the Minister for that reply. Given that, in the space inquiry we conducted, The Space Economy: Act Now or Lose Out, we identified that the space sector is worth £18.6 billion to the economy, employs 55,000 people and is growing a rate of about 6% a year, can she tell us more about the priorities across government, as space impinges on every aspect of our lives?
I share the enthusiasm of my noble friend, the committee and the report for the space economy. We responded in detail to the recommendations earlier this year. We are setting out our strategic priorities, which, as the committee and my noble friend highlighted, encompassed many aspects of our lives, including defence, economic growth and support for our farming communities. We will continue to focus our spend on the priorities of economic growth and national security outcomes.