This exciting new project is in response to the pressing need, highlighted by the European Union via its Defence Fund. Through our network in the defence sector, we were already formulating ideas to address the need to significantly increase the capabilities within Europe to defend its borders. Whoever wins the USA election in 2024, it is clear they want Europe to take a bigger role in its own defence.
The EDF is the Commission's instrument to support Research and Development in defence. Its main goals are:
To promote cooperation between companies, including SMEs and research actors throughout the Union.
To boost defence capability development through investments.
To help EU companies develop cutting-edge and interoperable defence technologies and equipment
We are setting up a major new investment fund to channel finance to the myriad smaller firms who are crucial to the success of the European Defence industry.
This exciting project is bringing together a team of industry professionals to spearhead this project.
The planned launch is later in 2024, but this is subject to the usual funding rounds being concluded successfully, and of course Regulatory approvals.
References
EU
NATO activity
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