Announcement
18 Apr 2024
In April 2024, the Scottish National Investment Bank announced a GBP 10.5 million funding to support the development of Orbex's Prime rocket, aimed at transporting small satellites into Low Earth Orbit.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
18 Apr 2024
Revocation date:
No revocation date
Updated: 18 Apr 2024
State aid, unspecified
In force
On 18 April 2024, the Scottish National Investment Bank (SNIB) announced a GBP 10.5 million (USD 13.1 million) investment to support the development of Orbex's Prime rocket, aimed at transporting s...
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