European Space Agency gets 10 billion euro in funding and one of the funded projects is Skylon Spaceplane

Ministers from ESA’s 20 member states and Canada today allocated €10 billion for ESA’s space activities and programmes for the years to come. Ministers secured investments for the detailed definition studies of the new launcher Ariane 6 and the continuation of the development of Ariane 5 ME adapted, with the goal to develop as many commonalities as possible between the two launchers. These activities are funded for two years with a decision on the continuation of both launchers to be taken in 2014.

Here is a 36 page document with detailed program proposals

Britain’s contribution to the ESA will increase by around 30 percent to £240m a year over the next five years, as the government seeks to spur growth in the space sector.

If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks