31 Jan 2008
The UK will continue with its financial commitment to the EU’s multibillion-pound satellite project despite the lack of a formal cost benefit analysis.
In November, MPs urged the government to reconsider committing further funding to the Galileo programme which has already cost UK taxpayers £97m and could need another £1.5bn over its lifetime.
But UK support will continue because of an estimated £14.2bn boost to the economy from extra jobs and contracts created by the scheme, according to the government.
It has also agreed a spending ceiling so costs cannot rise above £500m before
2013.
The 30-satellite scheme will provide global positioning services for Europe.
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