Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/15/5495 (14.08.15) |
Publication Date | 14/08/2015 |
Content Type | News |
On 14 August 2015, the European Commission found that a £50 million (around €71 million) grant that the UK authorities intended to provide for designing a SABRE space launcher engine was in line with EU state aid rules. The UK notified plans in January 2015 to support the SABRE project. SABRE is a research and development (R&D) project carried out by UK company Reaction Engines Limited (REL). It aims to develop an engine that would power a reusable airframe to launch satellites into low Earth orbit, significantly reducing the costs of such space missions. The European Commission found that the measure fosters aerospace R&D in Europe while limiting distortions of competition in the Single Market. |
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Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-15-5495_en.htm |
Subject Categories | Culture, Education and Research, Internal Markets |
Countries / Regions | Europe, United Kingdom |