The Space Economy (UK Engagement with Space Committee Report)

Debate between Baroness Ashton of Upholland and Baroness Lloyd of Effra

Thursday 9th July 2026 Lords Chamber

[Baroness Lloyd of Effra (Lab)]

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, since it was published and since our response to it. The noble Lord is right: we wish to bring it all together, and we are working to do so. Unfortunately, we will not be able to publish it before the Summer Recess. We hope to do so as soon as possible after that.

[Baroness Ashton of Upholland (Lab)]

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 is also clear that we need to get on with it.

UK Space Economy

Debate between Baroness Ashton of Upholland and Baroness Lloyd of Effra

Wednesday 11th March 2026 Lords Chamber

[Baroness Ashton of Upholland (Lab)]

My Lords, at the request of my noble friend Lord Stansgate, and with his permission, I beg leave to ask the Question standing in his name on the Order Paper.

[The Parliamentary Under-Secretary of State, Department for Business and Trade and Department for Science, Innovation and Technology (Baroness Lloyd of Effra) (Lab)]

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.

[Baroness Ashton of Upholland (Lab)]

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?

[Baroness Lloyd of Effra (Lab)]

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.