European Commission approves second wave of SAFE defence funding, unlocking €74 billion for eight EU member states

By Martin Chomsky (Defence Industry Europe)

Mesko, a subsidiary of the Polish state-owned defence conglomerate PGZ, announced the delivery of the first batch of man-portable air defence systems (MANPADS) to the Norwegian Armed Forces.
Photo: Mesko.

The European Commission has approved a second group of national defence plans under the Security Action for Europe initiative, following the first wave of defence funding approvals. It has submitted a proposal to the Council of the European Union to grant financial assistance to Estonia, Greece, Italy, Latvia, Lithuania, Poland, Slovakia and Finland.

 

The decision follows a rigorous assessment of the Member States’ National Defence Investment Plans and opens the way for a first release of low-cost, long-term loans to support urgent military readiness and the acquisition of modern defence equipment. The framework also strengthens the integration of Ukraine into the EU’s security ecosystem, aiming to keep European defence support agile and sustainable.

 

 

Funding levels were provisionally set in September on the basis of solidarity and transparency, with the eight countries entitled to around €74 billion once loan agreements are signed. The Council has four weeks to adopt the implementing decisions, after which the Commission will finalise the agreements, with first payments expected in March 2026, while assessments continue for the remaining Member States.

 

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