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Space Industry

11 June 2025

Lead MP

Mark Garnier
Wyre Forest
Con

Responding Minister

Sarah Jones

Tags

EconomyTaxation
Word Count: 13040
Other Contributors: 12

At a Glance

Mark Garnier raised concerns about space industry in Westminster Hall. A government minister responded.

Key Requests to Government:

The UK should define its ambitions for the space sector and continue supporting private companies like Orbex with £20 million this year, developing low Earth orbit launches from SaxaVord in Shetlands. Continued support for European Space Agency membership and its launcher challenge programme is crucial to seize opportunities in European launch services.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Wyre Forest
Opened the debate
The global space industry is expected to grow from $630 billion in 2023 to between $1.2 trillion and $2.2 trillion by 2035, driven by a 90% drop in launch costs over the last two decades and commercial innovation in components and software. The UK's space economy is valued at £19 billion and supports about 52,000 jobs through nearly 2,000 businesses, but there has been a perceived reduction in ambition from previous Government plans to secure 10% of the global space economy by 2035.

Government Response

Sarah Jones
The Minister for Industry
Government Response
Acknowledged the economic benefits and productivity of the UK space industry, mentioned upcoming industrial strategy focusing on advanced manufacturing, discussed the importance of finance and regulatory frameworks for growth, and highlighted future initiatives like launching British satellites from Scotland. Emphasised the government's commitment to supporting the space industry through investment and international partnerships, highlighting recent funding rounds and agreements with companies like BAE Systems. Mentioned plans to release a trade strategy in coming weeks focusing on export opportunities. The Minister spoke about the importance of the UK's industrial strategy in supporting key sectors like space finance. He highlighted the significance of the global space finance summit at the end of the year and stressed that various important economic sectors need to engage with space technology for continued relevance and growth. The minister invited contributions from speakers who expressed interest in participating.
Assessment & feedback
Summary accuracy

About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.