IAC 2024 - Banner

EUSPA signs agreement with Czech government for new headquarters

EUSPA logo, Credit: EUSPA

London, 09/02/2023 –  Nová Palmovka will officially become the new headquarters of the European Union Agency for the Space programme (EUSPA). EUSPA continues to expand its operations in the Czech Republic, EUSPA and the Czech government have signed a joint memorandum of understanding to support the relocation of the seat of the agency from Prague’s Holešovice to the nearby “Nová Palmovka” facility. 

“Satellite navigation, telecommunications and Earth observation applications are used by hundreds of millions of Europeans every day. EUSPA offers huge opportunities for Europeans and for Czech Republic, local companies, research institutes and its citizens,” said Minister of Transport Martin Kupka, responsible for space activities in the Czech Republic. “I am therefore pleased that the Agency is strengthening its presence in the Czech Republic and the memorandum just signed is proof of this,” 

Following the sustained growth in Prague, the Agency needs to be relocated to new premises. The new facility will offer enhanced security and additional space necessary for its functioning, together with use of a data centre. The Agency will move from Prague’s Holešovice to “Nová Palmovka” in 2025. 

EUSPA’s is also gradually increasing the number of staff to around 550 in 2027. The Memorandum of understanding signed today is an expression of the Czech Government’s support for EUSPA and a confirmation of the agreed timetable for the Agency’s move to its new address. The Nová Palmovka building is provided by the Czech Republic to the agency and the total benefits of locating EUSPA’s headquarters in Prague are estimated to be up to EUR 363 million for the period 2012-2027. 

Check Also

#SpaceWatchGL Venture Space – May 2024

Five years ago, a pace of $270m per month in venture investment in the space industry would have been ground-breaking. In 2024, it’s a down month: the second lowest month of the year in terms of venture investment. Still, if the current flow of venture capital into the space industry continues at the rate of the first five months of the year, $7.6b of venture capital will have flowed into space-tech startups by the end of 2024.