The Commission welcomes the political agreement between the European Parliament and the Council on Horizon Europe, the largest transnational programme ever supporting research and innovation. The new EU research and innovation programme will have a budget of around €95.5 billion for 2021-2027 (current prices). This includes €5.4 billion (current prices) from NextGenerationEU to boost our recovery and make the EU more resilient for the future, as well as an additional reinforcement of €4.5 billion (current prices). This represents a 30% increase vis-à-vis the current research and innovation programme, Horizon 2020 (comparing Horizon Europe against Horizon 2020 for EU27, in constant prices) and makes it the most ambitious research and innovation programme in the world.

This political agreement is now subject to formal approval by the European Parliament and Council.

The programme will support collaborative research relating to our societal challenges and reinforces technological and industrial capacities through thematic clusters that address the full spectrum of global challenges. For example, Horizon Europe's Climate Energy and Mobility cluster and the Digital Industry and Space cluster will scale up R&I resources in climate-related domains and ensures that European enterprises have access to the technologies and data they need.

Horizon Europe will support European partnerships with EU countries, the private sector, foundations and other stakeholders. Several public-private-partnerships are currently being finalised, with Memoranda of Understanding expected to be signed in early 2021.

Access more information in the press release issued on the EC website here.

Source: European Commission @ European Union 1995-2020