Space Industry (Indemnities) Bill

Debate between Alex Ballinger and Richard Quigley

2nd reading
Friday 7th March 2025 Commons Chamber

[Alex Ballinger]

Will my hon. Friend give way?

[Mr Quigley]

Indeed I will—I am quite enjoying this.

[Alex Ballinger]

My hon. Friend mentioned satellites. Does he recognise the massive benefits that satellites bring to the UK—everything from contactless transactions to supporting our defence and national security?

[Mr Quigley]

Bearing in mind the last Bill we were debating, I am not sure how much we can say about the benefits that satellites have brought, but yes, I do appreciate that.

We on the Isle of Wight already have the infrastructure to build on, with our skilled workforce, proximity to the south coast’s aerospace sector, and strategic location for maritime and aerospace testing. We are well placed to benefit from the fairer, clearer regulatory framework that we will create by passing this Bill. Not only are we strengthening the UK’s position in the global space industry, but we are opening up new opportunities for regions such as the Isle of Wight. Let us ensure that our island and the UK as a whole remains at the forefront of space innovation. I urge colleagues to support the change of two words that this Bill would effect, for the sake of not only our commitment to the growth agenda, but this country’s commitment to the future.