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EU Council Presidency and the European Parliament reached a provisional understanding on the next Multiannual Financial Framework

15. Nov 2020

On 10 November 2020, negotiators of the EU Council Presidency and the European Parliament reached a provisional understanding on the next Multiannual Financial Framework (MFF, 2021-2027). Accordingly, Horizon Europe, the upcoming EU framework programme for research and innovation, would receive an overall budget of 84.9 billion Euro. Both EU legislators, the Council (all EU Member States) and the European Parliament, must still formally endorse the MFR and Recovery legislative package.

According to this provisional understanding, major EU funding programmes would receive budgetary reinforcements (all figures in constant prices), in particular 4 billion Euro for Horizon Europe, 2.2 Euro billion for Erasmus+, 3.4 billion Euro for EU4Health, and 1 billion Euro for InvestEU. Those budget increases are referring to baseline figures agreed by EU leaders at the European Council in July 2020.

In 2018, the European Commission had originally proposed a budget of 83.5 billion Euro (all figures in constant prices) for Horizon Europe. The agreement of EU leaders in July would have resulted in 80.5 billion Euros (including a contribution from the Next Generation EU-instrument of 5 billion Euro which has been earmarked for health, climate and innovation purposes).

Press release (Council): https://www.consilium.europa.eu/en/press/press-releases/2020/11/10/next-multiannual-financial-framework-and-recovery-package-council-presidency-reaches-political-agreement-with-the-european-parliament