On Tuesday 23 March, 2017, the 28 Finance Ministers of the EU will meet first as Governors of the European Investment Bank and then as EU Council for Economic and Financial Affairs. While the Greek situation seem to focus all attention, 29 signatories from ENAAT and the ethical finance sector want to alert on the proposals of the EU Defence Action Plan to use the EU Fund for Strategic Investments (EFSI, better known as the Juncker Plan) and the European Investment Bank (EIB) to increase further public funding for the arms industry. But this move would require the agreement of the 28 Member States to modify the EIB rules. We call them to maintain the exclusive civilian mandate of the EIB and EFSI. The arms & security industry largely benefits already from EU and national public money while having a negative impact on peace worldwide.
OSDE 2026
2 June 2026
Who profits from EU subsidies for the arms industry? Find out below which countries and companies benefit the most from the EU Defence Fund (EDF) and the Ammunition fund (ASAP), and where they export. More information and detailed data are available in the public platform Open Security Data Europe Companies European Defence Fund (EDF) After the first three years of the EDF, about a thousand different entities (companies, research institutes, universities, government agencies and a few CSOs) have received funding. It is clear that a large portion of the money goes to a small set of large arms companies.