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

To ask Her Majesty's Government what estimate they have made of the value to the UK economy of the space industry.

The UK’s space industry had revenues of £13.8bn in 2014/15, directly employing 38,500 jobs and contributing £5.1 billion Gross Value-Added to UK economic output. Moreover, Space services and data contribute to a broad range of industrial activities across the UK economy. London Economics, in their Sector Size and Health report for the UK Space Agency, estimated that over £250 billion (14%) of the UK’s non-financial business economy GDP was supported by satellite services in the same period.