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22 May 2015

COST concerned about proposed cuts to H2020 budget for EFSI

The Committee of Senior Officials (CSO) of the COST Association has expressed strong concerns about the proposed budget cuts to Horizon 2020 in order to contribute to the European Fund for Strategic Investments (EFSI). The CSO published a statement to this effect on 21 May 2015, saying that "adequate and stable budgets are needed for the operation of the COST Framework programme".

COST operates on the basis of a Framework Partnership Agreement established with the European Commission in 2014, under Horizon 2020. This Framework Partnership Agreement foresees a budget of € 300 million for a period of seven years. The CSO expects a budget cut of 7% in 2017, a share which is likely to increase in the following years, and expects this to have important consequences on the number and budget of the COST Actions.

The European Commission's proposal for the EFSI is still being negotiated between the Council and the Parliament, with a considerable number of issues remaining to be resolved. The next round of trilogue negotiations is scheduled for Tuesday, 26 May 2015.

For more information:

COST - press release

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