Brussels, Belgium—Disagreement over the next EU budget is holding up the European Defence Fund (EDF) and its projects.
The EDF was launched in June 2017 and will be operational in 2019. The Fund’s primary objective is to improve the European defence industry by making it more efficient and coordinated.
A European Commission spokesperson said that “The total value of collaborative projects which the European Defence Fund will generate will depend on funding rates the Commission will set for projects in the work program.”
An agreement between the European Parliament and the Council “is essential to ensure that EU funds start delivering results on the ground as soon as possible,” added the spokesperson.