Inmarsat satellite

Meeting: 
MQT on 2007-05-23
Session date: 
May 23, 2007
Reference: 
2007/1174
Question By: 
Bob Blackman
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

What benefit will the GLA Group obtain from your decision to spend £12 million on the space satellite?

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 does not support projects on the basis of the benefit they will bring to the GLA group but to the benefit to London. The main benefits for London are that the project will: - protect up to 100 jobs in London.- bring inward investment into a London-based company.- put London at the forefront of new mobile technology.