29 Apr 2021
EP adopts 7.9 billion euro Defence Fund
On 28 April 2021, members of Parliament backed a 7.9 billion euro scheme in support of common R&D defence projects
In the 7 years to come, the European Defence Fund (EDF) will cover projects jointly agreed by Member States and compatible with the Union’s defence priorities as defined within the framework of the Common Security and Defence Policy. The Fund will finance collaborative projects involving at least 3 participants from at least 3 Member States, provide co-funding for common prototypes and promote cross-border activities of small and medium-sized enterprises by e.g. providing higher financing for the projects that involve such companies. Moreover, up to 8% of the Fund will be dedicated to disruptive technologies and an additional 10% bonus to eligible projects developed within the framework of the Permanent Structured Cooperation (PESCO).
The European Defence Fund will be the first EU programme to finance common defence-related R&D projects. It will come as a joint successor of the European Defence Industrial Development Programme (EDIDP) and the Preparatory Action on Defence Research (PADR), that were two pilot programmes devoted to cooperative projects by the European defence industry launched under the current Multiannual Financial Framework.