Oneweb: Investment

(asked on 23rd July 2020) - View Source

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

To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 15 July (HL6348), how they propose to be publicly accountable for their investment in OneWeb.

Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 3rd August 2020

The deal is subject to certain regulatory clearances and is expected to close before the end of the year.

We will have strong representation on the board, fully involved in setting the strategic direction of the business and developing the company’s business plan.

Mechanisms will be implemented for the continued monitoring and evaluation of the investment.

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