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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what due diligence the Government has undertaken to ensure that its investment in OneWeb is commercially sound.

This investment is likely to make an economic return, with due diligence showing a strong commercial basis for investment. The deal contributes to the government’s plan to join the first rank of space nations, and signals the government’s ambition for the UK to be a pioneer in the research, development, manufacturing, and exploitation of novel satellite technologies enabling enhanced broadband through the ownership of a fleet of Low Earth orbit satellites.

We expect revenue streams from 2022 in several areas including aerospace, maritime, government & military and Enterprise/business broadband.