23/07/2020

€80.9 Billion for Horizon Europe

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EU Heads of State agreed on a pared-back budget of €80.9 billion for the Horizon Europe research programme,

The Horizon budget was just one piece of a historically large pie that it took EU leaders a record five days to negotiate. The big picture: a total EU budget from 2021-27 of €1.82 trillion, including €750 billion in a special pandemic recovery fund. After the pandemic funding, the biggest pieces of the budget will be agriculture and cohesion, or development, funding.