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    Signature(s)

    Amount
    € 20,000,000
    Countries
    Sector(s)
    Luxembourg : € 20,000,000
    Telecom : € 20,000,000
    Signature date(s)
    24/07/2020 : € 10,000,000
    24/07/2020 : € 10,000,000
    Link to source

    Summary sheet

    Release date
    7 December 2020
    Status
    Reference
    Signed | 24/07/2020
    20190497
    Project name
    Promoter - financial intermediary
    SPIRE (EGFF)
    SPIRE GLOBAL LUXEMBOURG SARL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 20 million
    EUR 53 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the Promoter's European capital expenditures and research and development (R&D) activities to further develop features of its new space cubesat platform, to launch new cubesats for a full worldwide service offering and to develop new innovative software applications tailored to customer needs in shipping, aviation, government and weather prediction. The project will comprise the period from 2019 to 2022.

    The project's main objectives are to support an European new space start-up in its expansion across the EU, by way of financing mainly its innovation and commercial scale-up investments.

    Environmental aspects
    Procurement

    The investments will concern software research, development and innovation (RDI) activities carried out within existing facilities. Therefore the project will fall under Annex I and II of Directive 2011/92/EC.

    The Promoter is a private company not operating in the utilities sector and does not have the status of a contracting authority. Thus, it is not covered by EU Directives on procurement.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - SPIRE (EGFF)
    Publication Date
    7 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    127119489
    Document Focus
    Environmental Information
    Project Number
    20190497
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - EUROPEAN GROWTH FINANCE FACILITY
    Publication Date
    13 Sep 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    122912044
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20190548
    Last update
    19 Aug 2020
    Sector(s)
    Industry
    Countries
    Germany
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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