UK, Netherlands, Finland and Poland expand multilateral defence financing

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The United Kingdom, the Netherlands, Finland and Poland announced a renewed commitment to strengthen defence financing and improve the cost-efficiency of defence spending by developing a Multilateral Defence Mechanism (MDM). The MDM is designed to accelerate defence investment, stimulate joint procurement and aggregate demand for critical capabilities, with partners aiming to start formal treaty negotiations and set up the mechanism by 2027. The four countries said they will expand the coalition of participants, move to the next design phase this autumn, and work with NATO allies to align financing approaches while continuing support for Ukraine.

The four countries aim to set up the MDM by 2027.