EU Finance Ministers set in motion EIB Group Action Plan to further step-up support for Europe’s security and defence industry
by ATHENA | Apr 13, 2024 | News |
- Ministers meeting in Luxembourg today welcome the Action Plan presented by President Calviño to update the definition of dual-use projects and extend EIB credit lines to SMEs and innovative startups in security and defence.
- Further to EIB Group internal approval processes, the European Investment Bank will adapt its policy for lending to the security and defence industry while safeguarding its financing capacity.
- Starting on 1 May, a Task Force and a ‘one-stop shop’ will be put in place to streamline EIB Group processes, and thus speed up investments and access to the €6 billion earmarked for projects in this sector.
- The EIB Group will also strengthen cooperation with the European Defence Agency and other partners to increase impact, synergies, and complementarity.
EU Finance Ministers set in motion EIB Group Action Plan to further step-up support for Europe’s security and defence industry