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Consultation on draft insurance and liabilities requirements to implement the Space Industry Act 2018

13 October 2020

Proposing MP
Rachel Maclean Con
Redditch
Type
Written Ministerial Statement
Department
Department for Transport
View on Parliament.uk -->

At a Glance

Issue Summary

Rachel Maclean is publishing a consultation on draft insurance, liabilities and charging requirements to implement the Space Industry Act 2018.

Action Requested

The government seeks views on the proposed regulations and aims to merge the draft Liabilities and Space Industry Regulations after consultations conclude. Responses are due by November 10.

Key Facts

  • The UK’s space sector is a unique national asset with a target to grow its global market share to 10 per cent by 2030.
  • Government aims to establish commercial vertical and horizontal small satellite launch, sub-orbital spaceflight, and space tourism from UK spaceports.
  • Proposed regulations include limiting operator liability using the Modelled Insurance Requirement approach.
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