EU announces funding for Ariane 6 and other space-tech

  • Wednesday 22, January 2020 10:52 AM
  • EU announces funding for Ariane 6 and other space-tech
Sharjah 24 – AFP: The European Union on Tuesday announced 200 million euros ($222 million) of funding for the Ariane 6 rocket launcher and for small and medium-sized space technology companies.
Half the money is in the form of a loan for the new Ariane 6 heavy launcher programme, a collaboration between the European Space Agency programme and the ArianeGroup.

The other 100 million euros go towards a venture capital programme to "support innovation and growth of European smaller and medium-sized space technology companies," the European Investment Bank (EIB), the lending arm of the European Union, said in a statement.
 
“The two announcements of today represent a game changer for Europe in the support of the European space industry," the EU's Internal Market Commissioner Thierry Breton said.