A new dedicated instrument for Security Action for Europe – SAFE:
In light of the current exceptional circumstances, the Commission will raise up to €150 billion on the capital markets, drawing on its well-established unified funding approach to help EU Member States rapidly and substantially increase investments in Europe's defence capabilities. These funds will be disbursed to interested Member States upon demand, on the basis of national plans.
The disbursements will take the form of competitively priced and attractively structured long-maturity loans, to be repaid by the beneficiary Member States. The loans will be backed by the EU budget's headroom. SAFE will allow Member States to immediately and massively scale up their defence investments through common procurement from the European defence industry, focusing on priority capabilities. This will contribute to ensuring interoperability, predictability, and reducing costs for a strong European defence industrial base. Ukraine and EFTA/EEA countries will be able to join common procurements, and it will be possible for buy from their industries.
SAFE will also allow acceding countries, candidate countries, potential candidates and countries having signed a Security and Defence Partnerships with the EU to join common procurements and contribute to aggregated demand. They can also negotiate specific, mutually beneficial agreements on the participation of their respective industries in such procurements.
Commission unveils the White Paper for European Defence and the ReArm Europe Plan/Readiness 2030
Last edited by Ryuu96 - on 19 March 2025
