InfraDefenceThe capital behind defence.
InfraDefence register · 2015 to 2026

EU and government defence finance

Public money for defence: the EU's €150bn SAFE loans, European Defence Fund grants, EIB security and defence lending and the US Office of Strategic Capital.

Randeep Bubbra | Lawyer | Making defence financeable

24Financings on file
US$13.8bnFunded volume (US$ eq.)
17Issuers and borrowers
US$7.7bnLargest financing
2015: US$0m152016: US$0m162017: US$0m172018: US$0m182019: US$0m192020: US$0m202021: US$0m212022: US$1.3bn2212023: US$899m2312024: US$1.2bn2412025: US$1.5bn2512026: US$8.9bn269
EU and government defence finance: funded volume by year. US$bn equivalent at approximate annual average rates; contingent and unfunded programme commitments are excluded.

Largest financing

Poland receives first €6.6bn SAFE disbursement, 29 May 2026.

Banks and lenders named

Office of Strategic Capital (10), US Department of Defense (6), European Commission (SAFE) (3), European Investment Bank (3).

Counts are financings on file where the bank or lender is named. All lenders.

Financings

DateFinancingTypeAmount
8 Oct 2026Office of Strategic Capital conditional loan: PsiQuantum (US$150m)Government financeUS$150m
7 Oct 2026Office of Strategic Capital conditional loan: Wolfspeed (US$1,500m)Government financeUS$1.5bn
7 Aug 2026Office of Strategic Capital conditional loan: Niron Magnetics (US$150m)Government financeUS$150m
7 Aug 2026Office of Strategic Capital conditional loan: Sila Nanotechnologies (US$1,400m)Government financeUS$1.4bn
7 Aug 2026Office of Strategic Capital conditional loan: Sunrise Energy Metals (US$400m)Government financeUS$400m
31 Jul 2026Office of Strategic Capital conditional loan to Performance Drone WorksGovernment financeUS$820m
18 Jun 2026Office of Strategic Capital conditional loan: Energy Fuels (US$725m)Government financeUS$725m
17 Jun 2026Office of Strategic Capital conditional loan to Phoenix TailingsGovernment financeUS$500m
29 May 2026Poland receives first €6.6bn SAFE disbursementGovernment finance€6.6bn
15 Apr 2026European Defence Fund 2025 call resultsGovernment finance€1.07bn
10 Apr 2026SAFE loan to CzechiaGovernment finance€2.06bn
10 Apr 2026SAFE loan to FranceGovernment finance€15.09bn
26 Jan 2026SAFE second wave: plans approved for 8 member states incl. Poland and ItalyGovernment finance€74bn
15 Jan 2026SAFE first wave: national defence investment plans approved for 8 member statesGovernment finance€38bn
21 Nov 2025Office of Strategic Capital conditional loan: ReElement Technologies (US$80m)Government financeUS$80m
21 Nov 2025Office of Strategic Capital conditional loan: Vulcan Elements (US$620m)Government financeUS$620m
9 Sep 2025SAFE (Security Action for Europe) €150bn loan instrument: allocation adoptedGovernment finance€150bn
30 Apr 2025European Defence Fund 2024 call resultsGovernment finance€910m
2025EIB €107.5m financing for Italian Army helicoptersGovernment finance€107.5m
2025EIB €300m loan for Lithuania's defence investmentsGovernment finance€300m
Jun 2024EIB €115m loan to Port of Esbjerg (dual-use military mobility)Government finance€115m
16 May 2024European Defence Fund 2023 call resultsGovernment finance€1.03bn
26 Jun 2023European Defence Fund 2022 call resultsGovernment finance€832m
20 Jul 2022European Defence Fund 2021 call resultsGovernment finance€1.2bn

Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.

Randeep Bubbra
InfraDefence Weekly

The week in defence finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.

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