|Author (Corporate)||European Commission|
|Series Details||COM (2018) 476|
Legislative proposal - published by the European Commission in June 2018 - setting up the European Defence Fund (EDF) for the 2021-2027 multi-annual financial framework.
The EDF was launched in June 2017 aiming to help Member States spend money on defence and security more efficiently, reduce duplications in spending and get better value for money.
The European Defence Fund is intended as an instrument to foster the competitiveness and innovativeness of the European defence technological and industrial base, thereby contributing to the EU's strategic autonomy. It aims to trigger cooperative programmes that would not happen without an EU contribution and, by supporting research and development activities, to provide the necessary incentives to boost cooperation at each stage of the industrial cycle.
The draft law was adopted on 13 June 2018 in the context of the discussions related to the Multiannual Financial Framework (MFF) for the period 2021-2027. The Council of the European Union adopted its (partial) general approach on 19 November. The European Parliament's plenary session adopted a negotiating mandate on 12 December. An informal agreement between the co-legislators was reached on 20 February 2019. The Parliament endorsed it on 18 April.
|Subject Categories||Business and Industry, Culture, Education and Research, Internal Markets, Security and Defence|
|Subject Tags||Defence Industry, Multiannual Financial Framework [MFF], Science Technology and Innovation [STI]|
|International Organisations||European Union [EU]|