The UK has failed to reach an agreement with the EU to join the Security Action for Europe (SAFE) defence fund.

Axar.az reports that this was stated by the UK Minister of State for EU Affairs Nick Thomas-Symonds.

“While it is disappointing that we have not been able to conclude negotiations on the UK’s participation in the first phase of SAFE, the UK’s defence industry will still be able to participate in projects under SAFE on third country terms. The negotiations were conducted in good faith, but our position has always been clear: we will only sign contracts that meet the national interest and provide value for money,” he said.