This follows a consultation in January 2013. The released spectrum will be used by Short Range Devices (SRDs) and Radio Frequency Identification (RFIDs). A further consultation on the technical details of the license exemption will follow in the autumn.
The adoption of 915-921 MHz by CEPT would create the only license exempt spectrum between 41 and 2400 MHz that is available world-wide. Other license exempt frequency bands for SRDs and RFIDs are only available on a regional or country basis causing problems when equipment produced for one country is sold in another.
The Ofcom statement can be found here
Naval Postgraduate School CubeSat 915 MHz 57.6 kbps modem http://www.dtic.mil/dtic/tr/fulltext/u2/a556715.pdf