European Defence Fund 2021–2027

The European Commission presented a proposal for a regulation establishing a European Defence Fund in June 2018. The Fund aims to foster the competitiveness and innovativeness of European defence and to contribute to the EU's strategic autonomy. The Parliament and Council reached a partial agreement in early 2019 and then a provisional political agreement on the outstanding issues in December 2020. The Council adopted its first-reading position in March 2021, and the Parliament is expected to vote its second-reading position during the April plenary session.