Budget breakdown of Horizon Europe

After lengthy talks, European leaders have succeeded in reaching an agreement on Horizon Europe. The total and final budget for the next seven-year framework programme for research and innovation is €95.517 billion (current prices). In comparison with Horizon 2020, it represents a budget increase of 30%. Concerning Erasmus+, they agreed on expending the budget to €26 billion – almost doubled in comparison with the €14.7 billion allocated to Erasmus+ for Horizon 2020.

Source: European Commission

The Scientific Council of the European Research Council (ERC) declared in its latest statement:

‘We are pleased that the European leaders have succeeded in reaching an agreement on the EU’s long-term budget and the Next Generation EU package. This is vital for Europe to recover after the pandemic and to thrive in the years to come.’

ERC Scientific Council
Friday, 12 December 2020
Source: https://bit.ly/3mh4HUl

You can read more about it in the press release of the European Commission here.
Read more about the budget breakdown of Horizon Europe here.


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