Delegation of the European Union to Japan

European Commission and European Investment Bank Group join forces to boost space sector investment with €200 million of financing

Brussels, 21/01/2020 - 12:00, UNIQUE ID: 200122_1
Press releases

EU News 14/2020

The European Commission is partnering with the European Investment Bank Group, announcing €200 million of investments into the EU space sector, supporting ground-breaking innovation in the industry. During the European Space Policy Conference in Brussels, EIB Vice-President Ambroise Fayolle is signing an agreement with André-Hubert Roussel, CEO of ArianeGroup, confirming a €100 million loan for the new Ariane 6 launcher programme.

The deal is backed by the European Fund for Strategic Investments, the financial pillar of the Investment Plan for Europe, and InnovFin Risk Sharing for Corporate Research backed by Horizon 2020, the EU Framework Programme for Research and Innovation. In addition, the Commission and the EIB are jointly announcing the first ever EU-backed InnovFin Space Equity Pilot and the first space focused tech fund supported under the pilot in Europe.

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