The Government recognises the importance of the London insurance market as the global leader in space insurance. It is looking at options to further support its growth and future development of emerging services, such as Active Debris Removal. The Government is committed to driving growth and innovation through regulation. It is currently consulting on a range of regulatory financial tools for growth of both the orbital operations and insurance sectors, and intends to set out its latest thinking shortly. These measures will contribute to a reduction of operators’ regulatory administrative costs in line with the Prime Minister’s target of a 25% reduction across sectors by 2030.