Space Industry (Indemnities) Bill

Debate between Rachel Hopkins and Richard Quigley

2nd reading
Friday 7th March 2025 Commons Chamber

[Mr Richard Quigley (Isle of Wight West) (Lab)]

I challenge anyone who has listened to the speech given by my hon. Friend the Member for Glasgow East (John Grady) not to think, “What a time to be alive.” We also have three castles on the Isle of Wight, one of which imprisoned Charles I, and it also has a donkey that powers a wheel to draw water from its well. I have no idea what use that is to this debate, but I felt very much left out.

I thank my hon. Friend for introducing this important Bill, which not only reaffirms the UK’s commitment to advancing space travel and exploration but ensures that that progress is built on a foundation of safety, accessibility and innovation. At a time when the global space sector is increasingly dominated by billionaire-led ventures, the Bill sends a clear message that the UK remains dedicated to a space industry that is both pioneering and responsible—one that prioritises safety, fosters innovation and creates opportunity for all.

I am proud to say that the Isle of Wight has a fantastic history of supporting and growing the UK’s space industry—it gives colleagues a break from hearing me talk about ferries. As in many other areas, we punch above our weight in this regard. In 1955, Saunders-Roe, based in East Cowes, began developing the Black Knight research ballistic missile. Over the course of its programme, Black Knight achieved 22 successful launches without a single major failure, a remarkable feat that showcased British engineering excellence. That legacy highlights the Isle of Wight’s pivotal role in the history of British space exploration and technological innovation, demonstrating its potential to contribute to the UK’s modern space ambitions.

However, we want to be not just a part of space history, but a part of space future. One of the biggest barriers to growth in the UK space industry has been the issue of liability. At present, the Government risk unlimited liability when launching satellites or conducting spaceflight operations. That uncertainty discourages investment, as insurers and financial backers are unwilling to support projects with unpredictable risks. The Bill before us is a simple, but crucial, fix: it will ensure that all spaceflight licences set a clear limit on operator liability, bringing us in line with international standards. That change is particularly important for smaller, emerging space companies, many of which could see the Isle of Wight as a viable location for future space-related ventures.

[Rachel Hopkins]

I am really pleased to hear my hon. Friend mention small businesses. Does he agree that start-up and scale-up small businesses are vital for our economies up and down the country?

[Mr Quigley]

I do indeed agree that small businesses are going to be the way forward when it comes to space technology. The Isle of Wight is a viable location for future space-related ventures, whether in satellite manufacturing, research or launch support services.