Mr Alistair Carmichael

The hon. Gentleman anticipates the tack I will take. Of course, we are talking about support from the UK Government for our space sector, but the success story that we have seen thus far has been achieved with remarkably little public money. The support required goes beyond the financial, often to the political and the regulatory. Yes, he is almost certainly correct in saying that some money will be necessary, but there has to be more to ask for than simply financial support. The space sector is widely recognised as an industry with both economic and strategic importance for the UK. I want to focus mainly on the vertical launch industry, but that is just one part of the sector and it is an industry in which the UK has a genuine advantage. There are currently only two licensed vertical space ports in western Europe: our neighbours in Norway have Andøya and we have SaxaVord spaceport in Shetland. With three ready launch pads in SaxaVord to Norway’s two, for the foreseeable future the United Kingdom, through Shetland, will contain 60% of western Europe’s vertical launch capacity. That is a significant opportunity for our economy and country as a whole, but it is an opportunity on which we must capitalise in the immediate term. With the nation’s finances being as they are, it is worth reflecting—as I have just said to the hon. Member for Strangford (Jim Shannon)—that we have got this far without excessive financial support from the Government, but what there has been is exceptionally welcome. SaxaVord spaceport is privately held, but recently secured a £10-million convertible loan from the Government, allowing the potential of a Government minority stake in the future. That Government investment was designed to attract interest and further investment from the private sector, and in that respect it has been successful. It has been taken as a vote of confidence for those involved. SaxaVord is working closely with the Department for Science, Innovation and Technology and the UK Space Agency, and I am told it is in daily dialogue with the Civil Aviation Authority as the industry regulator. We are looking forward to seeing the Secretary of State for Scotland visiting the site in the not-too-distant future. Parenthetically, at this stage, I hope we might see better co-operation between the Scottish Government and the UK Government as we go ahead. There was, at least in the early days, a bit of a sour feeling as a consequence of people in Shetland feeling that other projects were being given a more favourable ride by the Scottish Government. The expression put to me was, “The thumb was being put on the scales to their favour.” However, I think we have passed that point and, again in the spirit of a positive and forward-looking joint strategy, we need to put those differences behind us, although we do not forget them. There is no shortage of potential clients for SaxaVord; the demand for a UK site of this sort is clear, but the infrastructure needs to be completed in order to maximise the opportunity. I hope that the Minister will be alive to the potential cost-benefit of getting this one across the line. More Government engagement and assistance is welcome in order to speed up the process and ensure that SaxaVord continues to lead the way in Europe, in what is a highly competitive and fast-moving global industry.