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The EU has decided to increase the budget allocated to space policy. The European Commission and the EIB have thus announced an investment of 200 million euro to promote research and industry in this key sector.
During the 12th European Space Conference in Brussels, the EIB and ArianeGroup are signing an agreement to confirm a €100 million contingent loan for the new Ariane 6 launcher programme. This deal is backed by the Investment Plan for Europe.
In addition, the Commission and the European Investment Fund (EIF) are announcing the first ever 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 under InnovFin specifically dedicated to support the innovation and growth of European SMEs operating in the sector of space technologies.
