In a renewed call for a bigger budget, 93 research associations argue that two thirds of Horizon Europe money should be ring fenced for global challenges and boosting industrial competitiveness.
In an unprecedented show of strength, European research and innovation associations are jointly calling for the EU to raise the budget for Horizon Europe to at least €120 billion in its 2021-2027 multiannual budget.
In a letter signed by 93 associations, research and innovation stakeholders call on member states to support an increase from €94 to €120 billion. “The programme will need an adequate budget at the level of its ambitions,” research associations say. “This would ensure that Horizon Europe delivers on its promises.”
The associations claim a €120 billion budget will help Europe create “up to 100,000 jobs in [research and innovation] activities between 2021-2027, but also €11 of GDP in return for each €1 invested over 25 years.”
The budget hike would “secure Europe’s seat amongst the frontrunners of the technological revolution,” the letter says.
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