BRUSSELS, 26 October 2016 (EU PR) — EU space programmes already deliver services that benefit millions of people. The European space industry is strong and competitive, creating jobs and business opportunities for entrepreneurs. Today’s proposal for a new space policy will foster new services and promote Europe’s leadership in space.
1. Why a space strategy now?
The EU is developing three high quality space projects: Copernicus, a leading provider of Earth observation data across the globe; Galileo, Europe’s own global navigation satellite system (GNSS); and the European Geostationary Navigation Overlay Service (EGNOS), which provides precision navigation services to aviation, maritime and land-based users over most of Europe. A total of EUR 12 billion from the EU budget will be invested in these projects and in research over 2014-2020. Now that the infrastructure of EU space programmes is well advanced, the focus needs to shift to ensuring a strong market uptake of space data and services by the public and private sector. By generating more services which respond to people’s needs and new economic opportunities, every euro spent on EU space policy is a euro well spent. This is also in line with the Commission’s Budget for Results initiative.