European Defence Fund

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The European Defence Fund is a fund managed by the European Union (EU) for coordinating and increasing national investment in defence research and improve interoperability between national forces. It was proposed in 2016 by President Jean-Claude Juncker and established in 2017. The fund has two stands; research (€90 million until the end of 2019 and €500 million per year after 2020) and development & acquisition (€500 million in total for 2019-20 then €1 billion per year after 2020).[1] In July 2018, The European Commission announces that the budget for 2021-2027 will be €13 billion.[2]

Together with the Coordinated Annual Review on Defence and Permanent Structured Cooperation it forms a new comprehensive defence package for the EU.[3]

References[edit]

  1. ^ "European Commission - PRESS RELEASES - Press release - A European Defence Fund: €5.5 billion per year to boost Europe's defence capabilities". europa.eu. 7 June 2017.
  2. ^ "European Commission - PRESS RELEASES - Press release - EU budget: Stepping up the EU's role as a security and defence provider". europa.eu. Retrieved 2018-07-27.
  3. ^ Permanent Structured Cooperation (PESCO) - Factsheet, European External Action Service

External links[edit]