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Image header Agence Europe
Europe Daily Bulletin No. 11373
Contents Publication in full By article 12 / 23
ECONOMY - FINANCES / (ae) state aid

'Yes' to British aid in support of R&D

Brussels, 24/08/2015 (Agence Europe) - On Friday 14 August, the European Commission authorised a subsidy of £50 million, or around €71 million, which the United Kingdom plans to award to support the design of a SABRE space launcher engine. SABRE is a research and development (R&D) project carried out by the UK company Reaction Engines Limited (REL) and aims to develop an engine capable of powering a reusable airframe to launch satellites into low Earth orbit, significantly reducing the...