Space Industry (Indemnities) Bill Debate
Full Debate: Read Full DebateMike Kane
Main Page: Mike Kane (Labour - Wythenshawe and Sale East)Department Debates - View all Mike Kane's debates with the Department for Transport
(1 day, 15 hours ago)
Commons ChamberI thank my hon. Friend the Member for Glasgow East (John Grady) for promoting this short but important Bill. I wanted to get further into Newcastle United’s Inter-Cities Fairs cup win in 1969, but I do not think today is the day.
I thank all who have contributed to the debate. I thank the hon. Member for Wyre Forest (Mark Garnier) for his chairmanship of the APPG for space. I thank my hon. Friends the Members for Portsmouth North (Amanda Martin), for Northampton South (Mike Reader) and for Crawley (Peter Lamb). I thank the shadow Minister, the hon. Member for Broadland and Fakenham (Jerome Mayhew), for his support as well. He mentioned puns—I attempted a pun in the House the other day, and Mr Speaker reminded me to stick to the day job. I will not try to emulate my hon. Friend the Member for Northampton South.
This industry is so important, and it will be going forward. It has already been said that it contributes £19 billion to the UK economy, and it is already employing 52,000 people right across our land. I am pleased to confirm that the Bill has the Government’s full support. We have economic growth at the heart of our agenda, and we are taking steps to support major infrastructure and to reduce bureaucratic red tape in regulatory frameworks to better support innovation and growth in the UK.
The Minister talks about economic growth. I recently met a Mongolian lady working at the Satellite Applications Catapult, which exists to grow the UK space sector. We have heard about Buzz Aldrin and Buzz Lightyear—I am afraid I have a pun coming. With that in mind, will the Minister set out in further detail, perhaps at the Dispatch Box now, how he foresees the Bill giving the space sector the rocket boosters it needs to go to infinity and beyond?
Today is 4 July and there will be fireworks across the pond, but we want rocket boosters under our space industry. Most of Europe is landlocked—or I should say space-locked—which provides the UK with a unique opportunity to be a launchpad for satellites produced all around Europe. That is the market that we are going for.
The industry has made it clear that holding unlimited liabilities will have an adverse effect on the UK spaceflight industry. If the Government did not limit a spaceflight operator’s liability, spaceflight companies and investors might move to jurisdictions that have more favourable liability regimes where operator liability is limited, or that provide guarantees to meet all claims or those above the operator’s limit of liability, such as the US or France. For those reasons, we are pleased to support the Bill.
With the leave of the House, I call John Grady to wind up.