Bringing the Ocean to Society
9 May 2018
Proposals from EC to invest more in Research and Innovation
Horizon Europe, the successor programme to Horizon 2020, proposed budget increase of more than 60%.

On May 2nd the European Commission revealed its proposals for the European Union´s budget after 2020.  In this proposal, the Commission highlights the need to focus on European added value and specifically mentions how pooled resources for research projects that bring together the best researchers from across Europe is a vital contribution of the EU. Horizon Europe is the current name of the successor programme to Horizon 2020 and as part of this programme there is a proposal  for a new European Innovation Council that “will provide a one-stop shop for high potential and disruptive innovators, aiming to make Europe a front runner in market creating innovation”.

In terms of financial implications, the Commission proposes a combined increase of 64% in research, innovation and digital investment under direct management in the next so-called Multiannual Financial Framework for the period 2021-2027. It furthermore states that these investments will be complemented by research, innovation and digital projects supported by the European Structural and Investment Funds. This translates into a proposal for an approximate budget of almost €100 billion for Horizon Europe compared to a budget of over €60 billion for Horizon 2020. 

These proposals will now be debated by the European Council of Ministers and the European Parliament before any agreement is reached. More information here.