OneWeb

(asked on 14th December 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 9 September 2020 to Question 83800 on OneWeb and with reference to the Spending Review 2020, from which area of his Departmental budget will the funding for the acquisition of OneWeb be allocated from; and what plans he has for future investment in the OneWeb satellite system.


Answered by
Amanda Solloway Portrait
Amanda Solloway
Government Whip, Lord Commissioner of HM Treasury
This question was answered on 22nd December 2020

The budget for OneWeb is being allocated to the Department through the supplementary estimates and considered as part of the Comprehensive Spending Review 2020 process.

The Government is investing $500m into OneWeb, and the Department through UKGI, will work closely with the company and other partners to raise additional private investment.

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