The European Parliament has reached a compromise with the Council Presidency outlining the new Multiannual Financial Framework (MFF), following weeks of negotiations. The compromise sees key research and innovation programmes, including Horizon Europe, EU4Health and Erasmus+, receive a €15 billion boost through additional means and reallocations.
The additional funds came after the Parliament pushed to ensure these key programmes were not underfunded, which would put the EU's commitments in the Green Deal and Digital Agenda at risk. The total of the MFF and the temporary recovery instrument NextGenerationEU will now total €1.8 trillion, the largest package ever financed through an EU budget.
Key points from the compromise reached include:
- More than 50% of the amount will be spent on modernisation through research and innovation through Horizon Europe, the Just Transition Fund, the Digital Europe Programme and EU4Health
- 30% of the funds will be spent fighting climate change, with a particular focus on biodiversity protection.
The MFF will now be formally be adopted by the European Parliament and the Council in line with their own procedures. You can read more about the announcement here and here. Read more about ERRIN's related work on our dedicated R&I policy page.