EU approves first wave of defence funding under SAFE programme
Published on January 20, 2026
The European Commission has approved the first set of national defence investment plans under the Security Action for Europe (SAFE) initiative, marking a significant step forward in the European Union’s efforts to strengthen its collective security
Eight Member States, which consist of Belgium, Bulgaria, Denmark, Spain, Croatia, Cyprus, Portugal and Romania, have received endorsement for financial assistance that will target boosting defence capabilities.
The Commission has now formally submitted a proposal to the Council of the EU, which must give final approval before funds can be released. If endorsed, this first wave will unlock approximately €38 billion in low-cost, long-term loans designed to accelerate military readiness and modernisation across participating countries.