European Commission proposes €100 billion for research and innovation

European Commission proposes €100 billion for research and innovation

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A new programme – Horizon Europe – will build on the achievements and success of the previous research and innovation programme (Horizon 2020) and keep the EU at the forefront of global research and innovation. Horizon Europe is the most ambitious research and innovation programme ever.

Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said “Investing in research and innovation is investing in Europe’s future. EU funding has allowed teams across countries and scientific disciplines to work together and make unthinkable discoveries, making Europe a world-class leader in research and innovation. With Horizon Europe, we want to build on this success and continue to make a real difference in the lives of citizens and society as a whole.”

Carlos Moedas, Commissioner for Research, Science and Innovation, added: “Horizon 2020 is one of Europe’s biggest success stories. The new Horizon Europe programme aims even higher. As part of this, we want to increase funding for the European Research Council to strengthen the EU’s global scientific leadership and re-engage citizens by setting ambitious new missions for EU research. We are also proposing a new European Innovation Council to modernise funding for ground-breaking innovation in Europe”.

The proposed budget allocation of €100 billion for 2021-2027 includes €97.6 bn under Horizon Europe (€3.5 bn of which will be allocated under the InvestEU Fund) and €2.4 bn for the Euratom Research and Training Programme. The Euratom programme, which funds research and training on nuclear safety, security and radiation protection, will have an increased focus on non-power applications such as healthcare and medical equipment, and will also support the mobility of nuclear researchers under the Marie Skłodowska-Curie Actions.

A swift agreement on the overall long-term EU budget and its sectoral proposals is essential to ensure that EU funds start delivering results on the ground as soon as possible. Delays would force Europe’s brightest minds to look for opportunities elsewhere. This would imply the loss of thousands of research jobs and harm Europe’s competitiveness. From fundamental research to market-creating innovation, key advances in e.g. healthcare, climate action, green transport and sustainable agriculture would slow down; solutions for cancer treatments, greenhouse gas emissions, smart cars, and healthy diets would be delayed.

Original source: EC
Published on 07 June 2018