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FAST Fund and Blended Finance for Defence SMEs and Small Mid-Caps

What is the central argument of “FAST Fund and Blended Finance for Defence SMEs and Small Mid-Caps”, and why does it matter for European defence and dual-use markets?

FAST Fund and Blended Finance for Defence SMEs and Small Mid-Caps: Regulatory scope and legal basis FAST. Defence-finance analysis; 6-page sourced DFM PDF repo…

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Original DFM publication · DFM Analysis report · 2025-12-14

Regulatory scope and legal basis FAST is established as a dedicated facility within the Programme as a blending operation that can offer debt support, equity support, or both, explicitly anchored in Title X of the Financial Regulation and in Regulation (EU) 2021/523 on InvestEU.

The legal perimeter is intentionally narrow: the enabling provision ties eligibility to SMEs and “small mid-caps” that comply with criteria equivalent to those set out in Article 9(1) and, where relevant, Article 9(3) and (4).

This analysis answers: What is the central argument of “FAST Fund and Blended Finance for Defence SMEs and Small Mid-Caps”, and why does it matter for European defence and dual-use markets? What does this mean for European defence funding, procurement and investment decisions? How mature and defensible is the position described in “FAST Fund and Blended Finance for Defence SMEs and Small Mid-Caps”? Which European actors, programmes and funding instruments are most exposed?

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Cover of the report FAST Fund and Blended Finance for Defence SMEs and Small Mid-Caps Full sourced report FAST Fund and Blended Finance for Defence SMEs and Small Mid-Caps 6-page PDF · immediate download · €299 View the report →

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Original DFM analysis

FAST Fund and Blended Finance for Defence SMEs and Small Mid-Caps

Type DFM Analysis report
Published 2025-12-14
Access free_public

The publication details above identify the source used for this public thread.

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What is FAST Fund and Blended Finance for Defence SMEs and Small Mid-Caps?

The legal perimeter is intentionally narrow: the enabling provision ties eligibility to SMEs and “small mid-caps” that comply with criteria equivalent to those set out in Article 9(1) and, where relevant…

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