€7 billion boost for research and innovation will create

19.07.2011
Press Releases RAPID

On 20th July Commissioner Geoghegan-Quinn announced nearly €7 billion to kick-start innovation through research. The European Commission's biggest ever such funding package, under the EU's Seventh Framework Programme for Research (FP7), is expected to create around 174 000 jobs in the short-term and nearly 450 000 jobs and nearly €80 billion in GDP growth over 15 years.

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