Ministry of Defence | Great success of Cypriot enterprises for participating in the European Industrial Development Program in the field of Defence

Defence Redefined

17/06/2020

The participation of Cypriot small- and medium-sized enterprises in five proposals of the European Defence Industrial Development Program (EDIDP) of the European Commission is a great success for the Cypriot Defence Industry. These proposals have provided a total of € 40 million in funding.

According to the Ministry of Defence, the program will fund a total of 16 proposals involving 180 different entities. The total funding of the program by the European Commission will amount to 200 million euros. Particularly important is the fact that Cyprus ranked first with 95% of companies participating.

The success of Cypriot companies highlights the fact that Cyprus can make a significant contribution to the development of European defence capabilities. The participation of the companies will contribute to the development of domestic defence research, innovation and technology while at the same time it will create new job opportunities.

Also read: The development of EU defence capabilities examined the Management Board of the European Defence Agency (EDA)

The Minister of Defence, Mr. Savvas Angelidis, warmly congratulates those who contributed to this accomplishment and especially the Cyprus Employers and Federation of Industrialists Federation, the Cyprus Chamber of Commerce and Industry and the Cyprus Association of Research and Innovation Enterprises for supporting the establishment and development of the Cypriot defence industry that in turn contributes to the operational upgrade of the National Guard.

See all the results in detail here