Lord Grimstone (centre) meets some of the staff at OneWeb
A government Minister recently visited White City-based satellite communications company OneWeb following the firm’s historic agreements with New Space India (the commercial arm of the Indian Space Research Organisation) and Space X to break reliance on Russian technology.
The Government invested $500 million in OneWeb in November 2020 with the aim of putting the UK at the forefront of rapidly evolving space technologies and Lord Grimstone came to the company’s office to check on progress.
New deals with India and the US mean OneWeb’s satellite launches can resume after remaining launches from Baikonur Cosmodrome, Kazakhstan, were suspended in March following the Russian invasion of Ukraine.
Minister for Investment Gerry Grimstone said, “Space plays a pivotal role in our daily lives and is a vital part of our economy, worth over £16 billion per year.
“The UK’s strategic investment in OneWeb strengthens our plan to put the UK at the forefront of the latest advances in space technology and become a global science superpower.
“This investment is supporting the UK to foster new partnerships with some of our closest trade and investment allies, with deals with New Space India and SpaceX, keeping OneWeb on course to provide connectivity across the globe and deliver on the UK’s space ambitions.”
OneWeb CEO Neil Masterson said, “We are delighted to welcome Lord Grimstone and his team to the OneWeb HQ in London. Their visit includes a live demonstration of our service, currently available from the North Pole down to 50 degrees latitude, connecting their internet devices via satellite.
“Our low-latency capability opens the way for multiple trade-use cases. We look forward to delivering global connectivity for a Global Britain.”
Lord Grimstone gets to see some of the company's technology
The company develops Low Earth Orbit (LEO) technology and the government published a National Space Strategy last year which looks to harness the strengths of the UK space sector and support British companies to seize future opportunities, with the global space economy projected to grow from an estimated £240 billion in 2019 to £430 billion by 2030. The UK already has a significant space sector employing over 45,000 people from space scientists and researchers to engineers and satellite manufacturers.
Like Reading Articles Like This? Help Us Produce More
This site remains committed to providing local community news and public interest journalism.
Articles such as the one above are integral to what we do. We aim to feature as much as possible on local societies, charities based in the area, fundraising efforts by residents, community-based initiatives and even helping people find missing pets.
We've always done that and won't be changing, in fact we'd like to do more.
However, the readership that these stories generates is often below that needed to cover the cost of producing them. Our financial resources are limited and the local media environment is intensely competitive so there is a constraint on what we can do.
We are therefore asking our readers to consider offering financial support to these efforts. Any money given will help support community and public interest news and the expansion of our coverage in this area.
A suggested monthly payment is £8 but we would be grateful for any amount for instance if you think this site offers the equivalent value of a subscription to a daily printed newspaper you may wish to consider £20 per month. If neither of these amounts is suitable for you then contact firstname.lastname@example.org and we can set up an alternative. All payments are made through a secure web site.
One-off donations are also appreciated. Choose The Amount You Wish To Contribute.
If you do support us in this way we'd be interested to hear what kind of articles you would like to see more of on the site – send your suggestions to the editor.
For businesses we offer the chance to be a corporate sponsor of community content on the site. For £30 plus VAT per month you will be the designated sponsor of at least one article a month with your logo appearing if supplied. If there is a specific community group or initiative you'd like to support we can make sure your sponsorship is featured on related content for a one off payment of £50 plus VAT. All payments are made through a secure web site.
May 9, 2022