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Itre committee votes against funds switch

The European Parliament committee on industry, research and energy (Itre) has voted against the diversion of funds from Horizon 2020 into European Commission president Jean-Claude Juncker’s investment plan.

On 14 April, the Itre committee voted in favour of Juncker’s European Fund for Strategic Investments (Efsi), but rejected any cuts to the budget for Horizon 2020 or the Connecting Europe Facility to pay for it. “Horizon 2020 and CEF multiannual programmes are crucial for securing a steady growth path for the EU and highlights the added value EU programmes can bring,” Itre said in a statement.

The Efsi proposal, outlined by Commission president Jean-Claude Juncker in November, intends to establish an economic stimulus package to boost growth and jobs, by backing projects in fields such as energy, transport and ICT. The proposal involves the diversion of €3.3bn from the CEF and €2bn from the margins of the EU budget, in addition to €2.7bn from Horizon 2020.

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