EIB launches Space TechEU finance program for European space sector

The European Investment Bank (EIB) has launched Space TechEU, its first financing programme dedicated to companies in Europe's space sector, under its wider TechEU initiative. The bank presented the facility at the European Space Agency (ESA) Council of Ministers meeting in Bremen.

Space TechEU will provide up to 500 million euro in EIB financing to companies across the space value chain, from upstream manufacturing and launch activities to downstream applications and services. By working with commercial banks, the programme aims to mobilise around 1.4 billion euro in total investment and targets small and medium-sized enterprises and mid-cap firms that face difficulties accessing bank finance.

Under the scheme, the EIB

See Full Page