Funding Monitor › How it works › SAFE — Security Action for Europe
SAFE — Security Action for Europe
A debt instrument: the EU borrows on the markets and on-lends up to €150 billion in long-maturity, competitively priced loans to member states for defence investment. The regulation entered into force on 29 May 2025.
What it funds
National defence investment programmes — joint procurement of capabilities, with a preference for European-made content.
Who is eligible
Channelled through member states' national plans; subject to a foreign-content rule (broadly, a 35% cap on non-EU content) and eligibility conditions on third-country participation.
How to access
Companies access it indirectly, by supplying the national procurement that SAFE finances — follow your member state's SAFE plan and tenders.
The law
DFM analysis
SAFE Regulation: Reinforcing Europe’s Defence Industry →The SAFE 35% Clause: Restricting Foreign Content in EU Defence Procurement →From National SAFE Plans to a European Defence-Finance Execution Cycle →Which European Defence Companies Are Most Exposed to SAFE Eligibility Constraints and Foreign-Control Screening Risk? →Romania’s SAFE Allocation and the Reordering of European Defence Demand →
Live data
Get the DFM funding briefing — free
New EU defence calls, tenders and awards in your inbox.