Brussels proposes big rise in research and innovation funding to €80.2 billion
The European Commission is proposing a big rise in research and innovation funding, to €80.2 billion for the 2014-2020 financial period, in an effort to harness innovation to produce more jobs and growth. The research proposal is part of a broader EU budget plan agreed by the Commission – but is likely to be a contentious issue. It falls short of the nearly €100 billion sought by some research advocates in the European Parliament. But it comes at a time of unprecedented austerity in most EU member-states. The final size of the budget will be debated among the Commission, Parliament and member-states over the next year.
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