The European Commission wants the EU to spend a total €13.6 billion on research and innovation next year, with €12.8 billion going to Horizon Europe. That is €400M more for the research programme than 2023, but in the face of rampant inflation the European Parliament doesn’t see this as a major increase.
Under the Commission’s proposal for the 2024 EU budget, in addition to €12.8 billion for Horizon Europe, a further €800 million for research would come from other programmes, such as €281 million for the Euratom nuclear research programme.
The largest chunk of the Horizon Europe money, €6.4 billion, will go to collaborative projects under pillar II. Funding for fundamental research amounts to €3.4 billion, of which €2.1 billion is to be distributed through European Research Council grants. The innovation pillar gets €1.66 billion, including €1.1 billion for the European Innovation Council.
