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EIB Launches ‘Space TechEU’ Financing Program to Scale up Europe’s Space Sector

The European Investment Bank is setting up Space TechEU, its first dedicated financing program for the European space sector, as …

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The European Investment Bank is setting up Space TechEU, its first dedicated financing program for the European space sector, as part of its TechEU initiative. The space financing initiative was announced at the European Space Agency`s triannual Council of Ministers (CM25) meeting in Bremen.

The new lending program will include €500 million EIB financing to support companies across the space value chain, from upstream to downstream, and mobilize an estimated €1.4 billion of new investment in cooperation with commercial banks.

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Tags: Andrius Kubilius European Investment Bank (EIB)European Space Agency (ESA)Josef Aschbacher Robert de Groot

Joshua Faleti

Kofoworola Joshua Faleti is the News Editor. He enjoys talking and learning about space and wants to talk about space to anyone who cares to listen. Joshua is interested in Space Law and Policy and how Space can positively impact human lives. Joshua is also a big music lover.