Security Action for Europe
European Union fund
From Wikipedia, the free encyclopedia
Security Action for Europe (SAFE) is a European Union program created in 2025 to facilitate joint purchases of arms and military equipment in the context of strengthening Europe's strategic autonomy and the 2020s European rearmament. This organization was set up to grant loans at preferential rates to EU member states. It only intervenes if a project involves several countries, including at least one EU member state, and if the proposed weapons systems contain at least 65% European components.[2][3]
Security Action for Europe (SAFE) through the Reinforcement of the European Defence Industry Instrument | |
Member states shown in green (EU) and orange (Canada) | |
| Abbreviation | SAFE |
|---|---|
| Formation | 27 May 2025[1] |
| Type | EU financial instrument for defense spending |
Region served | North Atlantic |
| Membership | |
History
Throughout its history, the European Investment Bank (EIB) has regularly taken the initiative to finance military projects in Europe. At the beginning of 2025, EU member states began calling for the creation of a separate fund and a European rearmament bank.
SAFE is an initiative stemming from the White Paper for European Defence and the ReArm Europe Plan/Readiness 2030[4] and will be able to start with initial funding of €150 billion, which is expected to reach €200 billion later in 2025. Public and private contributions are being sought to reach the target of €800 billion.[5][6][7]
SAFE is also seen as a tool for achieving NATO's financial goal, the 5% budget standard per country, as defined at the 2025 The Hague NATO summit in The Hague, Netherlands.
In May 2025, the European Council announced the final approval of the SAFE instrument at a General Affairs Council (GAC) meeting, with only Hungary abstaining, including a €150 billion loan package for joint purchases of military equipment.[8]
In December 2025, Canada signed an agreement with the European Union to join the SAFE initiative. It is the first non-European country to participate in the program. This agreement gives Canadian defense companies greater access to European markets. Previously, Canada had joined ReArm Europe, a European defense initiative.[9][10]