Briefing 
 

Final vote on the first-ever EU defence industry fund 

MEPs will debate on Monday and put to a vote on Tuesday the first EU programme dedicated to boosting innovation in the European defence industry.

With a €500 million budget for 2019-2020, the new European Defence Industrial Development Programme (EDIDP) will help fund the development of new and upgraded products and technologies to make the EU more independent, make budget spending more efficient and stimulate innovation in defence.


The EU will co-fund projects implemented by consortiums of at least three public or private companies established in at least three different EU member states.


To win contracts, project backers will need to prove that they contribute to excellence, innovation and competitiveness. Projects specifically dedicated to SMEs and Mid-Caps (undertakings that are not SMEs and have a maximum of 3000 employees) will benefit from higher co-financing rates, as well as actions within the framework of PESCO.


Next steps

 

Once the full House and Council have formally approved the regulation, it will enter into force upon publication in the EU Official Journal, while the first capability projects are expected to be financed in 2019.


Procedure: ordinary legislative procedure, first reading agreement

2017/0125(COD)

Debate:  Monday, 2 July

Vote: Tuesday, 3 July