It is a great pleasure to serve under your chairmanship, Mr Dowd. I congratulate my right hon. Friend the Member for Kingswood on securing this incredibly important debate and continuing to champion our space sector throughout his time as a Minister and in this House. Over the past decade, the UK's space industry has grown significantly, employing over 45,000 people and generating £16 billion annually. However, space is getting crowded with nearly 3,000 working satellites and an estimated 130 million pieces of debris, 30,000 of which pose a significant threat. The UK has active partnerships in multilateral forums like the UN Committee on the Peaceful Uses of Outer Space and the Inter-Agency Space Debris Coordination Committee to develop guidelines and support initiatives that promote sustainability and limit accidents. At the G7 in Cornwall last month, the UK facilitated an agreement between nations to strengthen collective efforts to ensure the sustainability of space for all. The UK Space Agency is working with the Ministry of Defence on national collision warning services to enhance our space surveillance and tracking capabilities. We are also investing in technology to address this issue, including £80 million through the European Space Agency for debris and clean space activities. Recently, I had the pleasure of meeting Astroscale to discuss its ELSA-d satellite which is demonstrating technology that removes different satellites from orbit. Businesses across the world, particularly in the UK, are developing innovative technology to address this market worth over £2 billion over the next 15 years. We awarded £1 million last year and will award a further £1.2 million this year to support projects focused on mitigating the effects of harmful debris. With significant strategic opportunities ahead, the UK needs to be the shaper of this evolving landscape by taking leadership in space sustainability and driving national and international capability development, regulatory advances, and understanding the orbital environment through joint civil and military space domain awareness.