European Commission adds €500m to research and innovation funding
With the additional financial support, the total budget raised by the flagship research and innovation programme comes to roughly €14.8bn. Read more: European Commission adds €500m to research and innovation funding
The European Commission has increased the Horizon Europe research and innovation programme funding by €500 million, raising the total budget to approximately €14.8 billion. This additional financial support extends the program's scope until 2027, with a focus on tackling major challenges in research and innovation. Two new cross-cutting calls, Bridging Actions 2027 and Nature-Positive Economy and Society, have been introduced to address next-generation AI digital platforms and biodiversity goals.
Bridging Actions 2027, with €260 million in financing, aims to develop affordable, secure and sustainable European energy systems, while Nature-Positive Economy and Society, funded at €237 million, will focus on skills requirements for innovative SMEs and biodiversity benefits. Commissioner Ekaterina Zaharieva emphasized that the amendment puts new funding behind priorities that matter to Europeans.
The European Union is also planning to back deep-tech businesses with a €5 billion Scaleup Europe Fund to help the region compete with the US and China.
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