The EU is now set to implement in 2021 its new multi-billion-euro European Defence Fund (EDF), following the release on 13 June of the fund’s final details and rules.
The fund will finance only collaborative projects involving at least three entities from three EU countries regarding research projects, demonstrators, and prototyping activities.
Moreover, the European Commission (EC) will refuse common prototypes where the involved member states do not commit to buying the final product.
The EDF will co-finance 20% of eligible defence projects, with the balance for national governments. Projects involving small companies, innovative disruptive technologies, or those anchored within PESCO – permanent structure co-operation – will qualify for higher co-financing rates.
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