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Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Razzall
Main Page: Lord Razzall (Liberal Democrat - Life peer)Department Debates - View all Lord Razzall's debates with the Department for Business, Energy and Industrial Strategy
(4 years, 7 months ago)
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Lord Callanan
This is, as I said, a one-off investment in a cutting-edge satellite technology company which has many applications that the UK can leverage, including defence applications and providing communications, resilience and remote operations where services are currently limited.
Lord Razzall (LD) [V]
My Lords, following up the question by my noble friend Lord Fox, are the Government not concerned that the American technological market, which undoubtedly loves these sorts of investments, was not prepared to put in the money and so the company was forced into Chapter 11 bankruptcy? Do the Government accept that very significant further investment will be required to get this off the ground? Are the Government prepared to do that—and, if so, for how much?