OneWeb: Cost Effectiveness

Department for Business, Energy and Industrial Strategy written question – answered on 8th September 2020.

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Photo of Theresa Villiers Theresa Villiers Conservative, Chipping Barnet

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.

Photo of Amanda Solloway Amanda Solloway Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

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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