Weakening Horizon 2020 by relabelling funds in order to support the European Fund for Strategic Investment "would seem foolish”, Royal Society president Paul Nurse has told European Commission president Jean-Claude Juncker.
In a 4 December letter, Nurse says, “it would be a great shame if a scheme as outstanding and visionary as Horizon 2020, one that has been built up over many years, were to be diminished as a result of short term political expediency.”
On 26 November Juncker outlined a plan to use money from Horizon 2020, the European Investment Bank and the Connecting Europe Facility to foster industry investment in infrastructure, transport and energy. Originally €4 billion was set to be relabeled from Horizon 2020 but this appears to have been reduced to €2.7bn.
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