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The new EU budget proposal for the period 2021-2027 offers to increase the amount allocated to research and innovation

Last Wednesday, 2 May 2018, the European Commission published its proposal for the next long-term EU budget, also called ‘Multiannual Financial Framework’ (MFF).

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  • Posted on: May 4, 2018
  • Belgium

Overall, the general budget of the Union for the period 2021-2027 is slightly more important than the one for the previous period, although some programmes will see the amount allocated to them being reduced. The investment in research and innovation is, on the other hand, meant to increase by 50%, as the European Commission is offering to allocate a total budget of €100 billion to that particular topic (including the Euratom Programme).

Concretely, the new programme for research and innovation will be named ‘Horizon Europe’ and is planned to be allocated the amount of €97.9 billion which, without inflation adjustment represents around €86.6 billion. As a comparison, the amount allocated to Horizon 2020 for the period 2014-2020 is €77 billion.

More information on the new EU budget proposal is available here.

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