OneWeb: Cost Effectiveness

(asked on 28th August 2020) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what value for money assessment he has carried out on the Government's investment in the One Web satellite system.


Answered by
Amanda Solloway Portrait
Amanda Solloway
Government Whip, Lord Commissioner of HM Treasury
This question was answered on 8th September 2020

The Government carried out a detailed examination of the business which demonstrated a rational commercial case for investment. As my Rt. Hon. Friend the Secretary of State set out, even with substantial cuts to OneWeb's base case financial projections, the investment would have a positive return.

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