Today, the Commission and the High Representative presented the White Paper for European Defence – Readiness 2030. This document outlines a new approach to defence and identifies investment needs. The ReArm Europe Plan/Readiness 2030 enhances pan-European defence capabilities with new financial means.
President Ursula von der Leyen stated: The era of the peace dividend is over. Europe must invest in defence and strengthen our capabilities.
These measures aim to support Ukraine and strengthen Europes long-term security.
White Paper for European Defence – Readiness 2030
The White Paper offers solutions for closing critical capability gaps and promotes a strong defence industry. Member States are encouraged to invest massively in defence.
- Closing capability gaps
- Supporting the European defence industry
- Supporting Ukraine
- Strengthening the EU-wide defence market
- Accelerating transformation of defence
- Enhancing European readiness for emergencies
- Strengthening partnerships
ReArm Europe Plan/Readiness 2030
The plan enables over €800 billion in spending, focusing on:
- Use of public funding
Member States are invited to activate the national escape clause for additional budget space.
- New instrument for Security Action for Europe – SAFE
The Commission will raise up to €150 billion on capital markets for defence investments.
- Leveraging the EIB Group and mobilizing private capital
The plan also relies on the European Investment Bank to expand financing for defence projects.
For More Information
White Paper for the Future of European Defence – Readiness 2030