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Supports the amendment, stating it aligns with Government policy and enhances regulatory certainty for the UK’s space sector. Emphasises the economic benefits of the space industry to the UK economy.
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Mark Garnier, Chair of the all-party parliamentary group for space, supported the Bill as it aims to make the UK an even better place for operating space businesses and provides clarity on risk. He highlighted the importance of the space industry in increasing productivity and benefiting the wider economy. Garnier also suggested making a fiscal intervention similar to that which helped rebuild the UK film industry could benefit both the space sector and London's financial services.
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The MP supports the amendment, highlighting Cornwall’s leading role in the UK's space programme. She cites statistics such as over 150 businesses involved in the space industry, employing around 1,300 people and generating about £88 million in 2023. By 2030, she expects this number to grow to over 3,000 employees with a potential value of £1 billion. She emphasises the importance of satellites for marine protection areas, climate change monitoring, and innovative projects like drone tests and electric eco-launches.
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[INTERVENTION]: He reinforced the point made by Cherilyn Mackrory, stating that despite issues with Cosmic Girl, Newquay spaceport was a success. The intervention highlighted how SpaceX's Starship launch failure was seen as a technical success due to proper licensing and operational procedures.
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Mr Clarkson supports the Bill, emphasising its potential to unlock new economic sectors and empower young people in his constituency. He mentions the opportunities for apprenticeships and work with companies like Airbus on satellite technology. The speaker highlights the importance of innovation and risk-taking, praising the simplicity and elegance of the legislation that encourages entrepreneurs without fear of complete failure.
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[INTERVENTION] Mrs Mackrory agrees with Mr Clarkson's remarks on the importance of the defence sector in space activities. She notes that satellites are vulnerable to threats similar to maritime fleets, underscoring the strategic significance of being at the forefront of satellite and space technology.
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Emphasises that this is a commercial opportunity rather than a matter of national pride, highlights UK's thriving space sector with 150 companies in Cornwall alone. Supports the Bill for its regulatory clarity, which enhances investor confidence and insurance availability.
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Calls for resignation during intervention but provides no formal arguments against the bill. His presence suggests general support despite the call.
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Highlights Cornwall's space industry, including 150 companies and its importance for maritime and cyber-security sectors. Emphasises the need for regulatory certainty to attract investors.
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Reminds of Airbus' significance in Newport, crucial for tech jobs and cyber-security sectors. Supports the Bill for its positive impact on the local economy and job creation.
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Highlights innovative British companies' work in critical minerals extraction from lunar regolith, emphasising the importance of UK leadership in space exploration and development.
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Asks about the classification of space assets as critical national infrastructure, suggesting potential for significant future developments in space-based activities and infrastructure.
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Jonathan Lord thanked MPs for their attendance and support, particularly highlighting speeches by his colleagues on how the space industry is positively impacting various sectors such as finance, insurance, legal services, and education. He urged the House to back the Bill for its potential to drive future growth in these areas.
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While brief, Nigel Evans congratulated Jonathan Lord on his speech and implicitly supported the debate's outcome by acknowledging his efforts.