How to Access the New €17.7 Billion EIB Defence-Financing Window: A Practical Guide for Dual-Use SMEs in Europe
Executive Summary
New funding opportunities for European dual-use SMEs and defence contractors are now available following a historic pivot by the European Investment Bank (EIB). With the approval of a €17.7 billion financing package in November 2025, the EIB has unlocked unprecedented capital for “strategic autonomy” sectors, including semiconductors, cybersecurity, space infrastructure, and military mobility. Through initiatives like the €4.2 billion TechEU programme and the expanded Strategic European Security Initiative (SESI), the Bank now finances the technological backbone of European defence, having removed previous restrictions on dual-use eligibility. This guide analyzes how SMEs can leverage these funds while adhering to the Bank’s strict ESG standards and non-lethal exclusions.
However, accessing EIB loans and EIF equity requires navigating a complex ecosystem of financial instruments. From the €3 billion intermediated lending scheme for supply chain SMEs to the EIF Defence Equity Facility for startups, choosing the right entry point is critical. This report provides a granular roadmap for CFOs and founders, detailing the specific eligibility criteria and the “red lines” for rejection and is designed to help institutional and industrial readers identify realistic entry points and position their projects within the EIB’s new framework. The report is available in full to our subscribers.