×
ECR

New fund to boost industrial cooperation in European defence sector

21 November 2018

New fund to boost industrial cooperation in European defence sector

Plans to create a new €13 billion European Defence Fund were today approved in the European Parliament's Industry Committee. The proposals, which are being steered through the parliament by ECR Polish MEP Zdzisław Krasnodębski, will provide financing to help Member States pool military procurement resources more effectively and finance cross-border investment in interoperable defence products and technologies.

Plans to create a new €13 billion European Defence Fund were today approved in the European Parliament’s Industry Committee.

The proposals, which are being steered through the parliament by ECR Polish MEP Zdzisław Krasnodębski, will provide financing to help Member States pool military procurement resources more effectively and finance cross-border investment in interoperable defence products and technologies. Under the currently foreseen budget, €4.1 billion will be provided to cover up to the totality of collaborative defence research projects, while €8.9 billion will be available to complement Member States’ investment through the co-financing of technologies and products jointly developed by the European defence industry.

Speaking after the vote, Krasnodębski said:

“Joint investment will help Member States to reduce duplication and improve the interoperability of defence equipment. It should also drive advances in technology through better coordinated tender calls.

We need to allocate further resources to closing the gap between breakthroughs in research and the time it takes for that research to reach the market in the form of innovative technologies. This should also see us provide more support for SMEs and mid-caps who are important defence industry players in a number of Member States. I hope the European Defence Fund will help them to build stronger cross border partnerships.”

“Internationally, we need to ensure the fund is more open to the EU’s third country security partners, particularly those that guarantee our security through the NATO alliance, while making sure entities controlled by countries under EU sanctions are excluded from the fund.”

SHARE

ECR

OUR TWEETS

ECR Group

2 days ago

Today marks the 1st anniversary of the tragic & senseless murder of Slovak investigative journalist #JanKuciak & hi… twitter.com/i/web/status/1…

Neva SadikogluNovaky

4 days ago

Great panel today at Europe-Muslim Democracy Forum on #LiberalDemocracy & #MinorityRights looking at education, rel… twitter.com/i/web/status/1…

ECR Group

4 days ago

"② We must strive to be honest & reflect on what we mean by 'values' - are human rights a religious or universal va… twitter.com/i/web/status/1…

ECR Group

4 days ago

"⓵: I commend the #ECRgroup for putting the Europe-#Muslim World Democracy Forum together, but we must reach out to… twitter.com/i/web/status/1…

ECR Group

4 days ago

Our last speaker at today's #EMWDF event was @AdnanKifayat, Head of Global Security Ventures @Gen_Next foundation &… twitter.com/i/web/status/1…

ECR Group

4 days ago

Our last panel at today's Europe-Muslim World Democracy Forum focused on the future relation b/w Europe & #Muslim d… twitter.com/i/web/status/1…

ECR Group

4 days ago

Continued: And ③ "We must move away from the gross materialism of the past, & focus on the future, building justice… twitter.com/i/web/status/1…

ECR Group

4 days ago

🗣 Below are the 3 key take-aways from 🇲🇾 MP @niknazmi's remarks at today's #EMWDF event: ⓵ "Politicians need to r… twitter.com/i/web/status/1…

ECR Group

4 days ago

Today's panel on #security cooperation, #stability, #PeaceBuilding, and #ConflictResolution at the #EMWDF was chair… twitter.com/i/web/status/1…

ECR Group

4 days ago

Continued: 🗣 "In order to build greater stability & enhance #security cooperation we, and in particular the… twitter.com/i/web/status/1…





© 2018. All rights reserved. European Conservatives and Reformists Group