€94.1 billion for new Horizon Europe

The European Commission has recently published its proposal for Horizon Europe, an ambitious €94.1 billion research and innovation programme that will succeed Horizon 2020.

Within the three-pillar Horizon Europe, pillar one, ‘open science’, is in line to receive €25.8 billion. The biggest slice of the budget pie – €52.7 billion – would go to pillar two, ‘global challenges and industrial competitiveness’. Pillar three, ‘open innovation’, would get €13.5 billion.

Carlos Moedas, Commissioner for Research, Science and Innovation, added: “Horizon 2020 is one of Europe’s biggest success stories. The new Horizon Europe programme aims even higher. As part of this, we want to increase funding for the European Research Council to strengthen the EU’s global scientific leadership […]. We are also proposing a new European Innovation Council to modernise funding for ground-breaking innovation in Europe“.

The Commission is proposing several detailed changes in the new research and innovation framework programme running between 2021 and 2027. The changes most important for companies include switching to a greater number of “lump sum” payments rather than conventional grants. Under this idea, a participant would get a fixed cash payment after hitting a specific target. Other terms in Horizon Europe intend to start accepting the results of more national audits, rather than insisting always on a Commission audit.

EU funding helps to create jobs and growth, tackle the biggest societal challenges and improve people’s lives. The goal of the research framework programmes is to ensure Europe produces world-class science, removes barriers to innovation and makes it easier for the public and private sectors to work together in delivering innovation. As of May 2018, Horizon 2020 has supported over 18,000 projects with over €31 billion awarded.

With technical knowledge and extensive experience, MSC R&D can support your company in obtaining EU funding for innovation projects. To find out more about available grant opportunities for disruptive technologies, contact us on 0114 230 8401. The MSC R&D team makes things happen!