Defence: Finance

(asked on 23rd November 2017) - View Source

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, what extra liabilities arise for the UK from the funding linkage between the European Investment Bank and European Defence Fund programmes.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
Shadow Minister (Business and Trade)
This question was answered on 1st December 2017

The European Defence Fund programme comprises the Research Window and a Capability Window, itself divided into a European Defence Industrial Development Programme (EDIDP) and a Financial Toolbox. Both the Research Window and the EDIDP will be funded from the EU's Multiannual Financial Framework and have no funding linkages with the European Investment Bank (EIB). There is as yet little detail on the Commission's proposal for a Financial Toolbox.

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