Finance
Britain says talks to join EU defence fund have broken down
Published by Global Banking and Finance Review
Posted on November 28, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 28, 2025
1 min readLast updated: January 20, 2026
Britain's negotiations to join the EU's SAFE defence fund have broken down, with the UK emphasizing national interest and value for money.
LONDON (Reuters) -Britain said on Friday that talks to join the European Union's defence fund SAFE had broken down, adding it would only agree something that is in the national interest and representing value for money.
"While it is disappointing that we have not been able to conclude discussions on UK participation in the first round of SAFE, the UK defence industry will still be able to participate in projects through SAFE on third country terms," said Nick Thomas-Symonds, Britain's minister for European Union Relations.
"Negotiations were carried out in good faith, but our position was always clear: we will only sign agreements that are in the national interest and provide value for money."
(Reporting by Alistair Smout and Sarah Young; Editing by Kate Holton)
The EU defence fund is a financial initiative by the European Union aimed at supporting the development of defence capabilities among member states through collaborative projects and investments.
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