Keir Starmer considers joining second European Union defence fund

Prime Minister Keir Starmer says Britain may join a second EU defence fund. The move follows a failed bid and comes amid growing regional security fears.

Prime Minister keir starmer has indicated that the government of the GBGB will consider applying to join a second possible edition of the European Union's SAFE loans scheme for defence projects. This development comes as the European Commission evaluates launching a second multi-billion-euro version of the fund to enhance regional security. Under the SAFE scheme, the European Union jointly borrows money on financial markets to lend to countries within the bloc for specific military and defence projects.
Britain's Prime Minister Keir Starmer addresses Chinese and British business delegations at the House of UK reception in Shanghai, China, on January 30, 2026. Carl Court/Pool via REUTERS/File Photo
Britain's Prime Minister Keir Starmer addresses Chinese and British business delegations at the House of UK reception in Shanghai, China, on January 30, 2026. Carl Court/Pool via REUTERS/File Photo
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