12 Jan 2024
EC and EIF launch Defence Equity Facility
In a joint effort to step up their support to EU's defence and security, the European Commission and the European Investment Fund (EIF) have launched the Defence Equity Facility. The funding of the initiative consists of €100 million from the European Defence Fund and of €75 million from the European Investment Fund. It aims to significantly expand EIF's investment capacity to support, in the next four years, private equity and venture capital funds with strategies covering technologies relevant to defence. The Defence Equity Facility aims to stimulate the development of an ecosystem of private funds investing in defence innovation. The initiative will focus on technologies with dual-use potential, encompassing both civilian and defence applications, to further support the EU's security, in line with InvestEU's objectives.