Lord St John of Bletso
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Space Industry
Lord St John of Bletso Excerpts(3 years, 1 month ago)
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Lord St John of Bletso (CB)
My Lords, I declare my interests as disclosed in the register. If the Government’s ambition is for the UK to seize 10% of the global space economy by 2030, there needs to be much more joined-up thinking and a clear policy. I seriously question the likely success of the Government’s deal to rescue OneWeb. While it is admirable and imperative that the UK creates and supports a launch capability, such a strategy must go hand in hand with supporting those designing and building satellites, and constellation of satellites, which will need launching. My simple question is whether the UK’s funding of the space sector is effective at maximising growth. The UK needs to encourage innovation in the space industry and support space start-ups, which have the potential to deliver world-class and world-first technology.