B

Baroness Lloyd of Effra (Lab)

Speaking in the House of Lords on 11 March 2026

Debate

UK Space Economy

Contribution

The noble Lord makes two important points. On the regulatory framework, the CAA has been doing some excellent work in supporting the development of a space regime that allows the UK to be a very attractive place for all sorts of space activity, including launch. The space indemnities Act is supportive of that, so I do agree with the noble Lord. As I mentioned, the £20 million that I announced last week was to accelerate the development of spaceports in Scotland for vertical launch.

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