InfraDefenceThe capital behind defence.
Map · Updated 28 Oct 2026

Government defence money map

Public money now sits behind a large share of defence finance. Some of it lends to governments (SAFE), some to companies (the Office of Strategic Capital, the EIB), some backs export buyers (UK Export Finance, the Korean export credit agencies) and some invests equity (the NATO Innovation Fund). This map sets out each source and links to the deals on file, which update as the register grows.

Randeep Bubbra | Lawyer | Making defence financeable

SourceTypeWhereWhat it offers
SAFE (Security Action for Europe)EU loans to member statesEU, with some third countries in joint procurementUp to €150bn of long-term loans to member states for defence procurement, mainly common procurement.
European Defence FundEU grantsEU and NorwayGrants for collaborative defence research and capability development, about €1bn a year in recent calls.
European Investment BankPublic bank loansEUDirect loans for security and defence projects and loans through commercial banks for defence SMEs.
Office of Strategic Capital (US Department of Defense)Federal loansUnited StatesDirect loans for critical technologies and the defence supply chain, such as critical minerals, magnets, semiconductors and drones.
UK Export FinanceExport credit agencyUnited KingdomGuarantees, insurance and direct loans for overseas buyers of UK defence exports.
Korea Eximbank and K-SUREExport credit agenciesSouth Korea, for buyers worldwideLoans, guarantees and insurance for buyers of Korean defence equipment, most visibly Poland's K2 tanks.
BGK and Poland's Armed Forces Support FundState development bankPolandBonds and loans raised by Poland's state development bank to fund defence purchases off the central budget.
NATO Innovation FundVenture capital24 NATO AlliesEquity for deep tech, dual-use companies from seed to Series B, directly and through other funds.
National Security Strategic Investment Fund (UK)Government venture capitalUnited KingdomEquity in advanced and dual-use technology companies relevant to national security.
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The rest of this tool covers who can use each source, the terms on record, how it combines with bank debt and the deals on file for each. It is free with a work email, along with the full guides and the register downloads.

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General information on public documents and law as at 28 Oct 2026, not legal advice on any transaction. Filed wording is quoted from the public document linked to it.