European Investment Bank joins EDA online defence funding tool
The European Investment Bank has joined the EDA ‘IdentiFunding’ online defence funding tool.
The European Defence Agency (EDA) has added the European Investment Bank (EIB) to its online defence funding hub to create opportunities for funding such as grants and loans. The tool, IdentiFunding, allows researchers to find investment for defence-related projects and innovation.
The tool is available through the EDA’s European Funding Gateway for Defence which is available for industry, Ministries of Defence, Research and Technology organisations, and academia. The tool, launched in March 2019, allows defence-interested stakeholders to identify on a personalised and tailored basis the precise EU funding schemes available for their specific defence-relevant projects.
The EIB has now agreed to add its project loans to the spectrum of more than 20 funding sources at European level that are scanned instantly by the ‘IdentiFunding’ tool based on a confidential and swift 10-minutes/10-answers process. These loans can cover up to 50% of the total cost for both public and private bodies for projects in line with EIB’s lending criteria and priorities.
IdentiFunding aims t0 save time and human resources and to reduce cost. It is currently being used by 180 defence organisations from EU member states including SMEs. It will be regularly updated to include new opportunities from organisations such as the European Defence Fund and the InvestEU Programme.
Under IdentiFunding loans and grants are available from Preparatory Action on Defence Research (PADR), the European Defence Industrial Development Programme (EDIDP), the EU Structural Funds, COSME, LIFE and Erasmus+. The agreement between the EIB and EDA aims to secure projects that improve dual-use technologies, civilian security infrastructure, and cybersecurity.
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