The European Commission formally launches the European Defence Fund (EDF)

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The European Commission has formally launched the €8 billion European Defence Fund (EDF), a new instrument designed to co-finance collaborative defence research and development projects across the bloc. (Euractiv News)

Thierry Breton, Commissioner for Internal Market, said: “In 2021, the European Defence Fund is coming to life. With the EU's first-ever dedicated defence programme, European cooperation in defence will become the norm. Public authorities will spend better together, and companies - big or small - from all Member States will benefit, resulting in more integrated European defence industrial value chains. In 2021 alone, the EDF will finance up to EUR 1.2bn in high-end defence capability projects such as the next generation of aircraft fighters, tanks or ships, as well as critical defence technologies such as military cloud, AI, semiconductors, space, cyber or medical counter measures.” 

Please visit the European Commission website for more information.

Thierry Breton, attending session at the European Parliament. 
Photo credits: European Parliament, Flickr. 


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