Space Industry

Lord Holmes of Richmond Excerpts

Thursday 4th March 2021 Grand Committee

[Lord Holmes of Richmond (Con) [V]]

My Lords, the future is data and the future is now. Much of that data needs to, and can come from, space, not least EOD, as my noble friend Lord Willetts pointed out in his excellent introduction. We also have a phenomenal opportunity to bolster our cyber effort and I, like the noble Lord, Lord Parker, in his excellent maiden speech, pay tribute to all in our security services who work tirelessly and rightly in the shadows to keep us safe 24/7. We have a phenomenal opportunity with the new satellite industry. Does my noble friend the Minister agree that it is a great opportunity for Scotland as part of the United Kingdom? How does the space strategy fit within the overall industrial, digital and data strategies? Does he agree that space is not the final frontier but, if properly approached, is a universe of economic endeavour and possibility?