Space Technology: Trade Competitiveness
The question
To ask the Secretary of State for Science, Innovation and Technology, what targets her Department has set for improving the UK’s position in the global space economy.
Answered by Kanishka Narayan
The UK has a strong position in the global space economy that the government is committed to maintaining. Building on our countries space heritage and deep pool of skilled talent, supportive regulation, and world-leading financial systems, the UK captures around 5% of the global market, leads Europe in private investment, and ranks third globally for private space company investment. Through our One-Government approach, we are developing capability in priority space subsectors where the UK can grow, compete, and lead internationally, supporting economic growth and competitiveness while strengthening national security and resilience.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →