Inmarsat satellite

Meeting: 
MQT on 2007-05-23
Session date: 
May 23, 2007
Reference: 
2007/1173
Question By: 
Bob Blackman
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

What is your justification for funding the Inmarsat satellite launch?

Answer

Answer for Inmarsat satellite

Answer for Inmarsat satellite

Answered By: 
The Mayor

The London Development Agency is providing a £12m to the British National Space Centre to support the Alphasat project. In a separate arrangement, the company Inmarsat will repay the LDA this sum once the satellite launch takes place. The LDA's contribution will be matched by £12m each from the East England Development Agency and the South East England Development Agency. European Space Agency rules require public sector backing for bids to proceed. A successful bid will protect 100 jobs in London, bring investment to London and put London at the forefront of space communications technology developments.