Brazilian Space Sector Among Priorities of Northeast Constitutional Financing Fund for 2021

BRASILIA, Brazil (AEB PR) — The space sector was included among the guidelines and priorities for the applications of the Constitutional Fund for Financing in the Northeast (FNE) 2021. Administered by Banco do Nordeste, the special financing line will be important for the installation of companies in the space sector in the Alcântara region, in Maranhão.

The indication for the allocation of resources was made possible after the Brazilian Space Agency (AEB), an autarchy linked to the Ministry of Science, Technology and Innovations (MCTI), and the Northeast Development Superintendence (SUDENE) discussed the importance of including the space sector among the strategic areas to receive investments in 2021. Which will have an impact on the promotion and development of the Northeast region in the coming years.

Companies that install themselves in the Northeast region will have access to credit lines with different interest rates. In addition, they will be able to count on tax incentives administered by the Autarchy, among them those of Reduction of up to 75% of the Income Tax and Reinvestment.

The financing limits and terms of the FNE are guided by the nature of the credit line, the location, the size and the financing programs established by the managing bank and approved by the Deliberative Council of Sudene. Tax incentives, on the other hand, aim to stimulate priority private investments, productive activities and sub-regional development initiatives.

Sudene’s Deliberative Council establishes, annually, the priorities for the application of resources in the following year. The space sector was considered one of the actions that converge with the federal government’s development policy, in which the FNE is one of the main instruments.

About the Alcântara Space Center

The Alcântara Space Center consists of the set of goods and services used to launch non-military space vehicles in the national territory, providing the necessary infrastructure to support the specific activities of launch companies. This condition is necessary to make Brazilian insertion in the international and regional market in space possible.

In comparative terms, the Alcântara Space Center has unique characteristics such as the privileged location of the available sites, approximately 2º18 ‘south of the equator; proximity to the sea, which makes it possible to launch into polar and equatorial orbits; wide area for launch security; absence of earthquakes and hurricanes; low air traffic density; and ideal location for on-demand launches, among others.

About AEB

 The Brazilian Space Agency is an autarchy linked to the MCTI, responsible for formulating, coordinating and executing the Brazilian Space Policy. Since its creation, on February 10, 1994, the Agency has worked to make the Brazilian State’s efforts to promote the well-being of society via the sovereign employment of the space sector viable.