EU governments and the European Parliament on 10th November afternoon announced an extra €4 billion will be added to the EU’s 2021-2027 research budget, following one-and-a-half days of intense negotiations in Brussels.
The deal, which still requires a final nod from parliament and member states, puts Brussels closer to implementing its gigantic €1.8 trillion budget and COVID-19 recovery package.
In all, a series of EU programmes gained an additional €15 billion. Among them, the student exchange programme Erasmus+ went up by €2.2 billion, health spending in EU4Health by €3.4 billion, and the InvestEU programme got an additional €1 billion.
