The programme was already provisionally put in place by the European Commission from 1 January 2021. Members of the European Parliament gave their final approval to the agreement with Council on the Horizon Europe regulation on 27th April, adding a political declaration with 677 votes to 5 and 17 abstentions. They adopted the agreement with Council on the Horizon Europe specific programme with 661 votes to 5 and 33 abstentions.
The research programme secures short- and long-term financing for research and innovation relating to global challenges including the fight against climate change, digitalisation, and the COVID-19 pandemic.
Horizon Europe incorporates the EU’s highest ever budget allocation for digital-related research and digitalisation. It will also provide support for innovative SMEs, European research infrastructure, and an additional €1 billion secured by the Parliament for basic research, which will be channelled through the European Research Council.
Horizon Europe will have an overall budget of €95.5 billion, including €5.4 billion from the EU’s Next GenerationEU recovery plan, and an additional investment of €4 billion from the EU’s multiannual financial framework (MFF).
