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02 NEWS

21 Jan 2020

Commission and EIB announce €200 million of investments into the EU space sector

During the European Space Policy Conference in Brussels, the European Commission and the European Investment Bank (EIB) Group announced their intention to invest EUR 200 million into the EU space sector, supporting ground-breaking innovation in the industry. EIB and ArianeGroup are signing an agreement to confirm a €100 million contingent loan for the new Ariane 6 launcher programme. In addition, the Commission and the European Investment Fund (EIF) presented an EU-backed InnovFin Space Equity Pilot and the first space-focused tech fund supported under the pilot in Europe. The InnovFin Space Equity Pilot is a €100 million programme, and it is specifically dedicated to support the innovation and growth of European SMEs operating in the sector of space technologies.

For more information:

EIB Press release

 

 

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