OneWeb

Department for Business, Energy and Industrial Strategy written question – answered on 22nd February 2021.

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Photo of Nick Smith Nick Smith Labour, Blaenau Gwent

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much further investment in OneWeb his Department estimates will be made by Bharti Global Ltd in (a) the next 12 months and (b) the next 36 months.

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

Details of further investment into OneWeb are a commercial matter for the company.

The UK Government’s focus is on securing additional private investment. We are in discussions with a range of potential partners about future funding and bringing in additional shareholders.

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