For the next long-term EU budget 2021-2027, the Commission is proposing to increase the EU’s strategic autonomy, bolster the EU’s ability to protect its citizens and make the EU a stronger global actor.
A €13 billion European Defence Fund will provide the financial firepower for cross-border investments in state-of-the-art and fully interoperable technology and equipment in areas such as encrypted software and drone technology. In addition, the High Representative, with the support of the Commission, is proposing today a new €10.5 billion European Peace Facility, an instrument outside of the EU’s long-term budget, which will help improve the EU’s ability to prevent conflicts, build peace and guarantee international security.
Federica Mogherini, High Representative for Foreign Affairs and Security Policy/Vice-President of the Commission, said: “The EU has […] taken steps in security and defence that seemed unthinkable before. We can now support research and cooperation to develop defence capabilities. We are taking measures that will facilitate the rapid movement of Member States’ forces in Europe. […] I am proposing the establishment of a European Peace Facility that will improve the financing of EU military operations and improve our support for actions by our partners.”
Jyrki Katainen,Vice-President in charge of Jobs, Growth, Investment and Competitiveness, said: “What we are proposing will help the EU take its destiny into its own hands. We are taking greater ownership in defending and protecting our citizens. For the first time in the history of the EU, a part of the European budget is devoted to investing collectively to develop new technologies and equipment to protect our people. […].”
Elżbieta Bieńkowska, Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs, added:“The European Defence Fund is a game changer for defence cooperation in Europe. […] we are now scaling it up into an ambitious European instrument to support collaborative defence projects throughout their entire development cycle. The €13 billion Fund shows that this Commission is serious about building a Europe that defends and protects its citizens.”