Key Points of EDIRPA:
- Budget: EDIRPA will provide €300 million until the end of 2025 to enhance defence capabilities within the European Union.
- Collaborative Approach: EDIRPA fosters collaboration among EU member states by requiring at least three of them to form a consortium to access EU funds. This will help to promote unity and joint efforts to strengthen European defence.
- Support for SMEs and midcap companies: EDIRPA allows funding of up to 20 percent from the EU budget for procurements when small and medium-sized enterprises (SMEs) or so-called midcap companies (companies with a medium market capitalization) are involved. This recognizes the importance that this business sector plays in the defense industry.
Unfortunately, EDIRPA will not be a game changer when it comes to improving the safety of European citizens and our allies. A key challenge remains: the lack of commitment among European member states to cooperate more effectively in defence matters. What would be needed is a shift away from protectionist, nationalistic policies toward comprehensive and effective cooperation – including joint defense procurement. A recent study of the European Parliamentary Research Service shows: We would save between 24.5 and 75.5 billion euros per year if we were to cooperate closer on defense.