France expands investment in space

International Business News  –  According to a report by Le Monde on September 19, French Prime Minister Borne attended the 73rd International Astronautical Congress in Paris on the 18th and announced that France plans to invest 9 billion euros in the space field in the next three years to strengthen the research and development of the space industry. A 25% increase over the previous three-year budget. Borne stressed that the strategy would allow France and Europe to maintain autonomy in space development.

The total investment of 9 billion euros mainly includes: “France 2030 plan” to invest 1.5 billion euros in the space sector, 5 billion euros within the framework of the military planning law 2019-2025, as well as the National Center for Space Research (CNES) research and development funds, France to Funding from the European Space Agency, etc. The European Space Agency plans to solicit about 18 billion euros from its 22 member states to support the “European Union Space Programme”.