UK set for talks over access to EU defence loans

The UK is set to discuss access for British companies to contribute to EU military projects funded by defense loans. The EU's Security Action for Europe (SAFE) scheme aims to provide loans for joint weapon purchases among EU countries. Negotiations will involve setting limits on UK firms' contributions and require an entry fee, with the UK seeking a deal to participate in projects under the scheme. The scheme, launched after Russia's Ukraine invasion, will offer loans for military equipment purchases, with negotiations underway to determine the level of British involvement.