The European Union invests significantly in research and innovation through a number of its programmes, with the majority of that funding concentrated in the Framework Programmes for Research and Innovation. The amounts for the last and current iterations of the Framework Programme, as well as the proposed amount for the next programme are listed in the table:
Programme
|
Amount Allocated
|
FP7 (2007-2013)
|
€55.8 billion
|
FP8 - 'Horizon 2020' (2014-2020)
|
€77 billion
|
FP9 - 'Horizon Europe' (2021-2027)
|
€97.6 billion*
|
*The Horizon Europe amount is a European Commission proposed amount. It includes €10 billion specifically for research related to 'food, agriculture, rural development and the bioeconomy' and €3.5 which will form part of the InvestEU fund, which is an EU investment fund aimed at mobilizing additional private investment.
Information on all of the Framework Programmes, including all spending and reviews of past programmes, as well as live information regarding the current programme are available on the EU Commission's website at https://ec.europa.eu/.