04 Jul 2018
European Parliament endorses first EU defence industry programme
On 3 July 2018, the European Parliament endorsed the setting up of a programme devoted to enhancing innovation in European defence industry including cyber security. With a €500 million budget for 2019-2020, the new European Defence Industrial Development Programme (EDIDP) aims at funding the development of new and upgraded products and technologies to make the EU more independent, make budget spending more efficient and stimulate innovation in defence.
The programme can be seen as the pilot of the next European Defence Fund, with a proposed budget of €13 billion over 7 years. Once the Council has given its green light, the regulation will enter into force upon publication in the EU Official Journal. The first capability projects are expected to be financed in 2019.