Initiative to establish European Defence Fund on the agenda in Helsinki
Within the context of the 2021–2027 multiannual financial framework, the European Commission has proposed a new defence initiative, the European Defence Fund (EDF), to support investments in joint research and development of defence equipment and technology. On 3–4 October, as part of its Presidency of the Council of the EU, Finland will organise a high-level seminar on the implementation of the EDF.
The seminar brings together more than 200 experts from EU institutions, member states, the defence industry, research institutes and other relevant organisations.
Funding for research and development activities by companies and research institutes
Proposed by the European Commission, the EDF is a new financial instrument, worth EUR 13 billion, which aims at strengthening European defence research and capability development. The purpose of the Fund is to finance such European projects in the field of defence that will address performance gaps, identified jointly by the member states. The ultimate size of the EDF will be determined in the context of the negotiations on the next multiannual financial framework 2021–2027.
The European Defence Fund is part of the EU's security and defence cooperation that has evolved in recent years. During its Presidency, Finland strives to ensure that the objectives set for deepening security and defence cooperation will be implemented effectively.
Ministerial Adviser Mari Eteläpää, Ministry of Defence, tel. +358 295 140 047
Senior Adviser Frans Peltonen, Ministry of Defence, tel. +358 295 140 021