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

External links

• The European Defence Fund: Questions and Answers, European Commission