The British Academy’s foreign secretary and vice-president has said that the European Commission’s proposal to relabel funds from its research programme to infrastructure, transport and energy would be a “significant blow”.
Helen Wallace has written to the prime minister ahead of a European Council meeting on 18 and 19 December to outline the academy’s fears about the Commission’s plan. The plan would see €2.7 billion taken from the research and innovation programme and relabelled within the European Fund for Strategic Investment.
“The current proposal that the EFSI should take away €2.7bn from the Horizon 2020’s budgets is counterproductive,” Wallace wrote, in a letter dated 10 December. “This would be a significant blow to the ambitious programme that was agreed by the government and other member states in 2013.”