Council adopts position on European Defence Fund
On 19 November 2018, the Council of the European Union adopted its position on the European Defence Fund (EDF), based on the proposal by the European Commission in the context of the Multiannual Financial Framework (MFF) for 2021-2027. The EDF has a proposed budget of € 13 billion and aims to foster innovation and allow economies of scale in defence research and in the industrial development phase by supporting collaborative projects.
The Council's position was adopted as a partial general approach, leaving out financial and other horizontal aspects of the fund that depend on an overall agreement on the MFF. The Council's position confirms the overall objectives and structure of the Fund, including the intention to invest in disruptive technologies. It seeks to clarify a number of aspects in regards to the eligibility of entities, and ownership of the results, and also to clarify the award procedures and criteria and the provisions concerning the share of the indirect costs that will be covered by the Fund, the latter being an important element to make the Fund more attractive for industry players. The Council further stresses that special attention will be paid to Small and Medium Enterprises (SMEs) and mid-caps in the Union.
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