European Commission proposes an increase in funding for research and innovation

The European Commission has now tabled its proposal for the next EU seven-year budget, the EU Multiannual Financial Framework (MFF). It includes a €97.9 billion budget for the next research and innovation funding programme, branded Horizon Europe. The increase compared to Horizon 2020 is 30 percent, even in the context of Brexit, which is the highest absolute increase in the Framework Programme ever. 

FTP welcomes the Commission’s proposal to increase the budget for research and innovation and to make it even simpler to apply and participate in research projects than it is today.

“The negotiations now starting between Member States, the European Parliament and the European Commission are going to be long and complicated. We will closely monitor the development of the Horizon Europe proposal to ensure the inclusion of key priorities of the forest-based sector and the relevance to forest owners and the industry”, says Johan Elvnert, Managing Director of FTP. 

Overall, the Commission proposes a long-term budget of €1.135 billion, running over the period from 2021 to 2027, equivalent to 1.11% of the EU27’s gross national income. The multi-annual budget proposal only covers headline numbers for each of the budget’s main areas, such as research and innovation. More detailed budget-breakdowns will follow in another Commission proposal in the first week of June. 

See the fact sheet on the Commission’s budget proposal for research and innovation

Read the Commission’s press release here.