James Naish

I obviously have not read my hon. Friend’s submission, but if he wants to send it to me I would very much welcome reading it. The supply chain of the space sector is vast and diverse, as my hon. Friend has just alluded to, with almost 2,900 suppliers nationwide, half of which are small and medium-sized enterprises. By supporting this Bill and ensuring that the space industry can flourish in the UK, we are supporting businesses in Nottinghamshire and beyond that employ local people, contribute to the local economy and strengthen our communities. By virtue of even discussing the space industry here today, we are sending a clear message that the UK is a competitive and supportive environment for space businesses. This is about not just fostering innovation, but ensuring jobs and investment today and ensuring that expertise remains here in the UK, benefiting constituencies such as mine. Nottinghamshire is proudly playing its part; from Sherwood observatory’s planetarium to the University of Nottingham’s aerospace research, our region is a shining example of the transformative power of the space sector. This Bill is an essential piece of legislation, as it addresses the current requirement for unlimited liability in cases of damages involving UK-owned satellites, which has inadvertently driven operators away from the UK to other countries with more favourable terms. By supporting the industry today, we are not just enabling launches into orbit, but launching a brighter future for young people, our economy and the UK as a whole. Collectively as a House, I hope that we will seize this opportunity to lead the world in space innovation while ensuring that the benefits of this industry are felt in every corner of the country.