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EU: Galileo Project

Volume 698: debated on Wednesday 6 February 2008

asked Her Majesty's Government:

Further to the remarks by Lord Bassam of Brighton on 17 January (Official Report, cols. 1416–9), how the estimate of the Galileo project's contribution to the United Kingdom economy of £14 billion by 2025 was made. [HL1600]

The figures were calculated by ESYS Consulting Ltd in an independent study for the Department for Transport and the British National Space Centre, assessing the likely benefits for UK industry from having access to both Galileo and the Global Positioning System. The study concluded that under the most likely scenario, the total cumulative UK Global Navigation Satellite System benefits from 2013 to 2025 was likely to be £14.2 billion.

The full report is available from the Department for Transport website at research/technology/downstreamstudy.pdf.