The European Commission has earmarked some €175.3 billion of its long-term 2028-2034 budget for Horizon Europe, its research and innovation program, up from €93.5 billion in the previous period (2021-2027).
Horizon Europe, which finances projects on green and digital transitions as well as research leading to scientific breakthroughs, will now be part of the newly created European Competitiveness Fund (ECF), with a total budget of €410 billion, that aims to improve the bloc’s competitiveness in technologies and strategic sectors critical to the EU.
