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Tabled by
Viscount Stansgate
To ask His Majesty’s Government what steps they are taking to support the UK space economy.
Tabled by
Viscount Stansgate
To ask His Majesty’s Government what steps they are taking to support the UK space economy.
My Lords, the space economy is a top priority for the Government, who have announced a £2.8 billion investment over the spending review for the UK Space Agency, including a £1.7 billion commitment at the last European Space Agency Ministerial Council. We are strategically investing to support sector growth through a new outcomes-based, targeted approach. Through a one-government philosophy, we will grow the space economy by focusing investment on enabling businesses to commercialise and scale.