Space Policy

Tom Pursglove Excerpts
Wednesday 18th July 2018

(5 years, 9 months ago)

Commons Chamber
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Sam Gyimah Portrait Mr Gyimah
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I have been speaking to lots of companies in the UK that deal in the satellite market. It is a global market, and there are huge global opportunities, including in the EU. The sector will continue to succeed, even when we leave the EU.

Tom Pursglove Portrait Tom Pursglove (Corby) (Con)
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What benefit does my hon. Friend believe this sector will bring to the UK economy in the decades ahead? Does he believe that there will be direct benefits for our existing industrial supply chains, such as the steel industry?

Sam Gyimah Portrait Mr Gyimah
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The space sector, in addition to being part of our critical national infrastructure, underpins our value in the economy to the tune of £250 billion. This is not just about pushing the frontiers of human knowledge; it is also about creating jobs and helping to power our economy forward. That is why this investment announcement is so important.