Eighteen EU member states signal demand for €127 billion in defence loans under SAFE instrument

The European Commission has received initial expressions of interest from 18 Member States aiming to access at least €127 billion in loans through the Security Action for Europe (SAFE) instrument. The preliminary demand reflects a coordinated move to advance the European Union’s collective defence capabilities.

SAFE, a key EU initiative, is expected to mobilise up to €150 billion in investment to reinforce European security and resilience. It supports funding in critical areas such as defence, dual-use infrastructure, cyber capabilities, and strategic supply chains.

Belgium, Bulgaria, Czechia, Estonia, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Hungary, Poland, Portugal, Romania, Slovakia and Finland have formally expressed interest in accessing these loans. This coordinated move underlines a shared commitment to bolster defence preparedness across the EU.

“The strong interest in SAFE, with at least €127 billion in potential defence procurements, demonstrates the EU’s unity and ambition in security and defence,” said Andrius Kubilius, Commissioner for Defence and Space. “We remain committed to supporting EU countries in their efforts to enhance European security. SAFE is a symbol of our collective commitment to strengthen our defence readiness for a safer and united future.”

These preliminary submissions will help the Commission assess overall demand and prepare to raise the necessary funds on capital markets. The final deadline for formal loan applications under the SAFE instrument is set for 30 November 2025.