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30 May 2018

EC proposes doubling Erasmus+ budget

The European Commission (EC) has presented its proposals for "investing in people and strengthening the social dimension", with its proposed budgets for a new Social Fund, Erasmus, Creative Europe, Globalisation Adjustment Fund and Justice, Rights and Values Fund. These proposals follow the presentation of the Multiannual Financial Framework, the next long-term EU budget for 2021-2027.

With regard to Erasmus, the European Commission is proposing to double present funding to €30 billion, stating that with doubled funding, this programme will be even more effective in supporting key political objectives such as building a European Education Area by 2025, empowering young people and promoting a European identity through youth, education and culture policies. The proposal for the Erasmus programme is part of the "Investing in People" chapter of the EU's long-term budget proposal which the Commission presented on 2 May 2018. €25.9 billion are proposed for education and training, €3.1 billion for youth and €550 million for sport. The current Erasmus+ programme has a budget of €14.7 billion and runs from 2014-2020.

According to the Commission, the aim of its proposal is to:

  • Increase the number of beneficiaries to up to 12 million people;
  • Reach out to people from all social backgrounds;
  • Build stronger relations with the rest of the world by boosting mobility and cooperation with third countries;
  • Focus on promoting forward-looking study fields, such as renewable energy, climate change, environmental engineering, artificial intelligence or design;
  • Promote a European identity with a travel experience through the new DiscoverEU initiative.

The EC calls for a swift agreement on the MFF to ensure a seamless transition between the current long-term budget (2014-2020) and the new one, and continuity of funding.

For more information:

EC - press release  

Legal proposals & factsheets 

Erasmus website

 

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