“The fund SES will be contributing to starting from 2022 is aimed to support and strengthen the Luxembourg space sector as well as benefit the wider local economy,” SES spokesperson Irina Douziech told Delano on Monday.
“The government and SES have agreed that SES will pay a lower concession fee than in the past, but that a fund will be set up to invest in activities with a link to the satellite sector and with a potential to benefit Luxembourg’s economy as well as SES’ activities,” Pierre Goerens, executive manager for electronic communications, told Delano on Tuesday.
Goerens added that in the early stages “SES is expected to be the sole contributor to the fund.”
“The fund will be mainly supporting activities with attractive financial returns, and also some relevant activities with indirect return, such as scientific research or reducing the digital divide. The fund will be launched only in 2022, when the new concession will enter into force,” Goerens said.