Creation of an European defense fund?November 30, 2016
Hat: The European Defense Action Plan adopted on 30 November 2016 proposes the creation of an European Defense Fund.
Funding Scheme: 2016-11-30
Pgm2014 2020: Yes
In order to help Member States to increase their spending efficiency in common defense capabilities and to enhance the security of European citizens, the Commission proposes the creation of an European Defense Fund.
Within the framework of the European Defense Action Plan, the Commission proposes to:
1 – Create an European Defense Fund to support investments in joint research and development of defense equipment and technology;
2 – Promote investment in SMEs, start-ups, mid-size enterprises and other suppliers in the defense industry;
3 – Strengthening the Single Defense Market.
The Commission will now present these proposals, in particular those concerning the creation of an European Defense Fund, to all stakeholders and discuss with them. The meeting of the European Council of 15 and 16 December will be a crucial step.
Url description: Press room - European Commission