Commission proposes increase of €400 million for Horizon 2020
European Commission Vice-President Kristalina Georgieva, in charge of budget and human resources, presented the mid-term review of the multiannual EU budget (2014-2020). To further reinforce the political priorities, she proposed a package with additional €6,3 billion in financing by 2020.
€2,4 billion will go to further boost growth and jobs via more money for programmes such as Horizon 2020, EFSI, the Youth Employment Initiative, COSME, Erasmus as well as the Connecting Europe Facility and WIFI4EU.
The EC proposal says "Based on this first experience, it is proposed to supplement the original allocation of Horizon 2020 by EUR 0.4 billion, of CEF-transport by EUR 0.4 billion, of Erasmus+ by EUR 0.2 billion and of COSME by EUR 0.2 billion over 2017-2020 to further enhance the EU support to jobs and growth."
Legislative proposals presented must now be approved by the European Parliament and the Council. The Commission hopes to be able to reach an agreement on most of the package by the end of 2016