Due to a dispersed research and industrial capacity and often disconnected national markets, it is challenging for the European Union to compete with world leaders providing cybersecurity products and services and thus to support its ambition to achieve strategic autonomy in the cyber domain. This article explores one of the intended remedies - the proposal for an EU Regulation establishing the European Cybersecurity Industrial, Technology and Research Competence Centre and the Network of National Coordination Centres. Analysing legal, organisational and financial measures, the author posits that the expected regulation, if properly implemented, can fill in an important gap in the current legislative framework of the European Union.