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 on
22 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.