To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of recent changes to venture capital tax incentives on investment in UK companies at Series (i) A and (ii) B stages.

To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of recent changes to venture capital tax incentives on investment in UK companies at Series (i) A and (ii) B stages.

To ask the Chancellor of the Exchequer, what steps he is taking to help increase the number of UK-based institutional investors participating in early-stage venture capital markets.

To ask the Chancellor of the Exchequer, what steps he is taking to help increase the number of UK-based institutional investors participating in early-stage venture capital markets.

To ask the Secretary of State for Defence, with reference to page 57 of his department's Strategic Defence Review, published 2 June 2025, what progress has been made on a pivot to outcomes-based partnerships with innovation organisations, private equity, venture capital and other investors within the UK and NATO member...

To ask the Secretary of State for Defence, with reference to page 57 of his department's Strategic Defence Review, published 2 June 2025, what progress has been made on a pivot to outcomes-based partnerships with innovation organisations, private equity, venture capital and other investors within the UK and NATO member...

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.

My Lords, it is with great pride that I introduce this debate on the report The Space Economy: Act Now or Lose Out. The title was chosen to capture the urgency with which the committee believes government and others should act. I am sure this overarching message will be reinforced...

My Lords, it is with great pride that I introduce this debate on the report The Space Economy: Act Now or Lose Out. The title was chosen to capture the urgency with which the committee believes government and others should act. I am sure this overarching message will be reinforced...

My Lords, I congratulate the committee on an excellent report, which is a magisterial review of the issues in space policy that also brings out the opportunities for us. I declare an interest as chair of SaxaVord spaceport, which has already been referred to. Before that, as chair of the...

My Lords, I congratulate the committee on an excellent report, which is a magisterial review of the issues in space policy that also brings out the opportunities for us. I declare an interest as chair of SaxaVord spaceport, which has already been referred to. Before that, as chair of the...

My Lords, it was a privilege to be a member of the UK Engagement with Space Committee, served so well by its two clerks, Sabrina Asghar and Steph Coulter, and expertly chaired by the noble Baroness, Lady of Ashton of Upholland. I realised that she was going to be a...

My Lords, it was a privilege to be a member of the UK Engagement with Space Committee, served so well by its two clerks, Sabrina Asghar and Steph Coulter, and expertly chaired by the noble Baroness, Lady of Ashton of Upholland. I realised that she was going to be a...

My Lords, I thank the noble Baroness, Lady Ashton of Upholland, and the whole committee for this extremely enthusiastic report. I suspect I will be taking a different perspective from every other speaker in this debate because I am going to start from down here on solid earth—a planet that...

My Lords, I thank the noble Baroness, Lady Ashton of Upholland, and the whole committee for this extremely enthusiastic report. I suspect I will be taking a different perspective from every other speaker in this debate because I am going to start from down here on solid earth—a planet that...

My Lords, it is a great pleasure to follow the noble Baroness and to participate in this debate, as indeed it was a pleasure to be part of the committee under the superb chairmanship of the noble Baroness, Lady Ashton. We are able to say that, for a sessional committee,...

My Lords, it is a great pleasure to follow the noble Baroness and to participate in this debate, as indeed it was a pleasure to be part of the committee under the superb chairmanship of the noble Baroness, Lady Ashton. We are able to say that, for a sessional committee,...

My Lords, it is a pleasure to contribute to this debate on the report of the UK Engagement with Space Committee. Before turning to the substance of the report, I pay tribute to our chair, the noble Baroness, Lady Ashton of Upholland, my fellow committee members and our wonderful clerks,...

My Lords, it is a pleasure to contribute to this debate on the report of the UK Engagement with Space Committee. Before turning to the substance of the report, I pay tribute to our chair, the noble Baroness, Lady Ashton of Upholland, my fellow committee members and our wonderful clerks,...

My Lords, what a pleasure to follow the noble Baroness and to take part in this debate. I thank my noble friend Lady Ashton for the masterful way she introduced the report; she made every single point that I had jotted down to say myself.

I want to thank all my...

My Lords, what a pleasure to follow the noble Baroness and to take part in this debate. I thank my noble friend Lady Ashton for the masterful way she introduced the report; she made every single point that I had jotted down to say myself.

I want to thank all my...

My Lords, by the time you get to your feet and nine people have already spoken, an awful lot of things that you would want to say have already been covered. I repeat again that it was a delight and fun to be on the committee, which was charmingly chaired,...

My Lords, by the time you get to your feet and nine people have already spoken, an awful lot of things that you would want to say have already been covered. I repeat again that it was a delight and fun to be on the committee, which was charmingly chaired,...

My Lords, it was a great pleasure to follow the noble Lord, Lord Shamash, and to serve alongside him and all the other very enthusiastic members of the space committee—and, indeed, to serve under the excellent chairmanship of the noble Baroness, Lady Ashton of Upholland. I congratulate her not just...

My Lords, it was a great pleasure to follow the noble Lord, Lord Shamash, and to serve alongside him and all the other very enthusiastic members of the space committee—and, indeed, to serve under the excellent chairmanship of the noble Baroness, Lady Ashton of Upholland. I congratulate her not just...

My Lords, as a former member of the committee—all of us, I suppose, could be described as space cadets—I warmly thank the noble Baroness, Lady Ashton of Upholland, for her superb chairing of the committee and for her inspiring introduction today. I join her and other members of the committee...

My Lords, as a former member of the committee—all of us, I suppose, could be described as space cadets—I warmly thank the noble Baroness, Lady Ashton of Upholland, for her superb chairing of the committee and for her inspiring introduction today. I join her and other members of the committee...

My Lords, I too begin by thanking the noble Baroness, Lady Ashton of Upholland, and every member of the committee for this powerful and timely report, although I must say that my principal reaction is one of envy—I rather wish I had been on the committee. The report makes the...

My Lords, I too begin by thanking the noble Baroness, Lady Ashton of Upholland, and every member of the committee for this powerful and timely report, although I must say that my principal reaction is one of envy—I rather wish I had been on the committee. The report makes the...

My Lords, I am pleased to respond for the Government. I thank my noble friend Lady Ashton of Upholland for securing this debate and for her committee’s important report on this matter. I also thank the chair for her expert leadership on the very thorough and seemingly enjoyable work that...

My Lords, I am pleased to respond for the Government. I thank my noble friend Lady Ashton of Upholland for securing this debate and for her committee’s important report on this matter. I also thank the chair for her expert leadership on the very thorough and seemingly enjoyable work that...

Before the Minister sits down, at several points in the Government’s response to the Select Committee’s report, they say that more detail will come forward in the “spring space publication”—not my language, the Government’s. The Minister has not said when we might expect to see that important spring space publication.

Before the Minister sits down, at several points in the Government’s response to the Select Committee’s report, they say that more detail will come forward in the “spring space publication”—not my language, the Government’s. The Minister has not said when we might expect to see that important spring space publication.

I set out earlier this year, in a speech to the Space-Comm Expo, a number of elements that are important for taking forward the measures envisaged in the space strategy, which include the £500 million of funding. We have taken action in many other areas set out in that report,...

I set out earlier this year, in a speech to the Space-Comm Expo, a number of elements that are important for taking forward the measures envisaged in the space strategy, which include the £500 million of funding. We have taken action in many other areas set out in that report,...

My Lords, I thank all noble Lords who participated in this debate and my noble friend the Minister for her response. It is clear from everything that has been said that we have real opportunities in economic growth, world leadership and resolving problems, both in space and on earth. It...

My Lords, I thank all noble Lords who participated in this debate and my noble friend the Minister for her response. It is clear from everything that has been said that we have real opportunities in economic growth, world leadership and resolving problems, both in space and on earth. It...