The European Commission recently announced the 2018 – 2020 Work Programme for Horizon 2020, which will invest €30 billion in research and innovation. Over the next 3 years, the Commission will seek greater impact of its research funding by focusing on fewer, but critical topics such as a low-carbon, climate resilient future, circular economy, among other. Horizon 2020 will also continue to fund frontier research, with the European Research Council supporting excellent researchers with a budget of nearly €1.86 billion for 2018 alone, and the Marie Skłodowska-Curie Actions with €2.9 billion budgeted for 2018 – 2020. Horizon 2020 will also be more geared towards boosting breakthrough, market-creating innovation. Horizon 2020 is the EU’s biggest ever research and innovation framework programme with a budget of €77 billion over seven years (2014-2020).
Source: http://europa.eu/