Ireland is to invest €17 million p.a on a European investment in space. Is this really the best investment for the economy and this stage and what sort of value are we going to get? Will we have to borrow the money to participate in this? At the very least we should be proud of the fact we are cutting all services in this country that will help us to pay for this.
BUSINESS WORLD - Ireland to invest E17m a year in spaceIreland will invest over E17 million a year in European Space programmes in the coming years, the Minister for Research and Innovation, Sean Sherlock told the European Space Agency Ministerial Council in Naples today.
Minister Sherlock, in his presentation to the Council announcing details of Ireland's strategic investment in ESA Space programmes said, "The Irish priority for the 2012 Ministerial Council is to invest in those ESA programmes that best serve our national strategy. ESA, with the support of the Department of Jobs, Enterprise and Innovation and Enterprise Ireland, is enabling rapid expansion and growth in established Irish space companies, as well as supporting emerging and established high potential start-up technology companies."