The EU’s lending arm plans to invest €2 billion in security and defence projects in 2025, but member states want it to go further
Nadia Calviño, president of the European Investment Bank (EIB), presented the EIB Group's 2024 annual results at a press conference in Brussels on 30 January, 2024. Photo credits: European Union
The European Investment Bank (EIB) intends to double its investment in security and defence projects to €2 billion in 2025, but is facing calls from EU states to scale up its support for the sector even further.
On January 30, 19 EU member states, including France and Germany, published a joint letter urging the EIB to increase the volume of available funding in the field, in response to ongoing security challenges, including Russia’s war against Ukraine.
As the EU’s lending arm, the EIB is a significant investor in innovative start-ups and scale-ups, both directly and through investment funds in EU states. It also backs public innovation projects and the development…
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