OneWeb: Finance

(asked on 20th April 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 22 February 2021 to Question 152466 on OneWeb, how much the Government has allocated for future funding to OneWeb in the next (a) 12 and (b) 36 months; and which additional shareholders are being considered.


Answered by
Amanda Solloway Portrait
Amanda Solloway
Government Whip, Lord Commissioner of HM Treasury
This question was answered on 26th April 2021

The Government do not propose to invest further in OneWeb. The Government, together with other OneWeb shareholders, is engaged in discussions with a range of potential partners about future funding and bringing in additional shareholders. For reasons of commercial sensitivity, the Government cannot provide details of potential investors before they are formally announced.

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