The European Commission has set out its proposal for the 2017 EU budget, including €10.3 billion for Horizon 2020.
The 2017 proposal, which must now be negotiated between the European Council and European Parliament, would see commitments for Horizon 2020 increase by €760 million compared with the 2016 budget. The increased allocation for Horizon 2020 indicates that the Commission has protected the research budget against the ongoing refugee crisis, despite predictions to the contrary.
In 2015, the planned Horizon 2020 budget was reduced by €2.2bn to help pay for the European Fund for Strategic Investments, set up by Commission president Jean-Claude Juncker to stimulate private investment in Europe.
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