In June 2018, the European Commission presented the new Space Programme. It aims to ensure investment continuity in EU space activities, encourage scientific and technical progress, and support the competitiveness and innovation capacity of the European space industry.

The 14.8 billion euro programme should improve flagship initiatives such as Galileo, Copernicus and the European Geostationary Navigation Overlay Service (EGNOS). The 2021-2027 EU space programme will fund projects that provide high-quality space-related data as well as services with key socio-economic benefits and potential to create jobs. It also aims to strengthen Europe’s strategic autonomy, its security and its role in the space sector. With more than 30 satellites currently in orbit and over 25 planned for the next 10 to 15 years, the EU is the largest institutional customer for launch services in Europe. According to the European Commission, the strategic importance of the space sector for the Union has increased, as has the need for the European space sector to adapt to the changing global environment. Space technology, data and services have become indispensable to the daily lives of the public and to the EU's strategic interests. Space can play a crucial role in tackling new challenges such as climate change, sustainable development, border control, maritime surveillance and security.