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Oneweb: Investment

Question for Department for Business, Energy and Industrial Strategy

UIN HL7197, tabled on 23 July 2020

To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 15 July (HL6348), how they propose to be publicly accountable for their investment in OneWeb.

Answered on

3 August 2020

The deal is subject to certain regulatory clearances and is expected to close before the end of the year.

We will have strong representation on the board, fully involved in setting the strategic direction of the business and developing the company’s business plan.

Mechanisms will be implemented for the continued monitoring and evaluation of the investment.

Answered by

Department for Business, Energy and Industrial Strategy