European Commission approves the reduction of space funds

The European Commission approved the slashing of the space funds to 2027. They agreed to use an ultimate amount of $15.2 billion to help proceed with the Galileo and the Copernicus satellite operations. The reduction in the funds for space was a result of in-depth negotiations that took for days. The occasion was held in Brussels and entailed an €18 trillion allotment, covering the entire European Union. The primary use of those funds is to reduce the economic impacts that resulted from the outbreak of the Coronavirus. 

On July 21, the 27-nation bloc approved a baseline allotment of €1.07 trillion, which involves a space budget bonded with €750-billion recovery package of subsidies and loans.  The allocation will go all the way to January 1; however, the European Government must ratify the allotment first. 

In May dialogues, they shifted to the package of pandemic recovery. The European Commission granted a revised allotment recommendation that costs 15.2 billion Euros dollars for space operations. The fund slash was a strong proposal from some members of the administration, probably Finland. The reduced funds were to cater for the loss of British funding following the exit of the U.K from the bloc this January. The reduction in the €13.2-billion funds was unexpected. Although, it was apparent that the decrease in the budgets will profoundly affect the space. 

In the European Commission endorsed budget, €8 billion will be allocated to Europe’s Galileo Global Navigation Satellite, and €4.81 billion will be allocated for Copernicus Environmental observing satellites. The remaining 39.2 billion Euros will be divided between GavSatCom (an endeavor of trying to deliver safety satellite communications) and ventures for European Space Situational Awareness (SSA). GavSatCom and the SSA are the ones suffering the most from the proposal. Practically, Galileo is being salvaged from the deep sea. Europeans know precisely the advantages brought by Galileo as opposed to the Copernicus. That is why it was not easy to point out the benefits brought by the latter.

In early July, ESA appointed manufacturers for the forthcoming six Copernicus operations after receiving 2.55 billion euros. The allotment hopes to cater to the functioning of building satellites for Thales Alenia Space OHB and Airbus. However, a final go-ahead ruling is yet to be made in June of next year (2021) concerning how the European Space Agency European Union will plan on how the funds will be managed.