Horizon 2020 is the financial instrument implementing the Innovation Union, aEurope 2020 flagship initiative aimed at securing Europe’s global competitiveness. Running from 2014 to 2020 with a budget of just over €70 billion1, the EU’s new programme for research and innovation is part of the drive to create new growth and jobs in Europe.
Horizon 2020 provides major simplification through a single set of rules. It will combine all research and innovation funding currently provided through the Framework Programmes for Research and Technical Development, the innovation related activities of the Competitiveness and Innovation Framework Programme (CIP) and the European Institute of Innovation and Technology (EIT).
The proposed support for research and innovation under Horizon 2020 will:
- Strengthen the EU’s position in science with a dedicated budget of € 24 341 million1. This will provide a boost to top-level research in Europe, including the very successful European Research Council (ERC).
- Strengthen industrial leadership in innovation € 17 015 million1. This includes major investment in key technologies, greater access to capital and support for SMEs.
- Provide € 30 956 million1 to help address major concerns shared by all Europeans such as climate change, developing sustainable transport and mobility, making renewable energy more affordable, ensuring food safety and security, or coping with the challenge of an ageing population.