Orbex: Finance
Lords · Question HL292 · Tabled 19 May 2026 · Department for Science, Innovation and Technology · Official record
Answered 2 Jun 2026
Question
Asked by Lord Risby
To ask His Majesty's Government what funding options they considered when evaluating whether to withdraw funding for Orbex.
Answer
Answered by Baroness Lloyd of Effra, 2 Jun 2026
The UK did not withhold ESA funding from Orbex. The UK subscribed c.£162m to ESA launch programmes in November 2025 and allocated the maximum possible amount of funding to Orbex as per European Space Agency rules and selection criteria. To access further ...