[X:CE Latest version] Game launcher will not load

[Jebcubed]

Recently decided to play Xenonauts again. When I pressed play on Steam, instead of the launcher loading, all I got was a blank window, titled "Microsoft Visual C++ Runtime Library". After a few seconds, an "Okay" box appears on the window, and clicking it causes the window to close. The game stops running soon after. 
Launching directly from the .exe, setting it to run as admin doesn't work. I tried reverting to the standard edition and it worked fine, so the issue is specific to CE
Would appreciate any help on this matter

[Jebcubed]

Update: This issue also seems to affect the standard edition as well if it is run with any mods. The game will crash on the loading screen or the launcher will freeze