Monday, September 19, 2022

"France to increase space spending by 25%"

From Space News, September 19:

France will increase spending on national and European space programs as the European Space Agency works to secure commitments for its own significant budget increase.

In a speech at the opening ceremony of the International Astronautical Congress (IAC) here Sept. 18, French Prime Minister Élisabeth Borne announced the government planned to allocate more than 9 billion euros ($9 billion) to space activities over the next three years, an increase of about 25% over the past three years.

That funding included a “massive” increase in the budget of the French space agency CNES, although she did not give a specific figure, with 1.5 billion euros coming from the “France 2030” investment program to support space and other major industries. The projected increases would also go towards France’s contribution to ESA ahead of its November ministerial meeting where the agency’s 22 member states will set funding for the next three years....

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