Brussels: Eighteen member states of the European Union, including Cyprus, have expressed their interest in accessing loans under the Security Action for Europe (SAFE) instrument. SAFE is expected to mobilize up to £150 billion in investment.
According to Cyprus News Agency, the European Commission announced in a press release that the countries expressing interest are Belgium, Bulgaria, Czechia, Estonia, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Hungary, Poland, Portugal, Romania, Slovakia, and Finland.
Andrius Kubilius, Commissioner for Defence and Space, stated that 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. He emphasized the EU’s commitment to supporting member countries in their efforts to enhance European security, noting that SAFE symbolizes the collective commitment to strengthening defence readiness for a safer and united future.
The early indication of interest will enable the Commission to assess demand and prepare for raising funds on the capital markets. The deadline for formal submission of requests under SAFE is set for 30 November 2025.
SAFE is a crucial EU instrument aimed at strengthening resilience and security, supporting investments in areas such as defence, dual-use infrastructure, cyber capabilities, and strategic supply chains, as highlighted in the press release.