Monday, 5 August 2013

H2020 budget

The table below shows the H2020 budget breakdown based on reports of the compromise agreed on 25 June. It assumes that the total of €70.2bn budget includes Euratom, which was included in the EC’s original €80bn proposal, made in 2011. The final budget will be updated for inflation since then.

One detail not immediately apparent is the new SME instrument, which will receive 4% of the total (€2.8bn), to be taken from Societal challenges and Enabling & industrial technologies. In contrast, all proposed funding for the European Institute for innovation and Technology (EIT) is shown explicitly, though around half is planned to come from the same two budgets.