Factsheet on the Need to Increase Funding for Research and Innovation
The overall funding for research and innovation in Europe needs to be increased and an adequate ring-fenced budget should be provided for Horizon Europe. In this factsheet Science Europe illustrates some of the reasons why.
The European Commission proposal for Horizon Europe falls short of acknowledging the importance of fundamental research. This factsheet demonstrates the essential role fundamental research plays, not only for research, but also for innovation.
The Multiannual Financial Frameworks (MFF) determine the budget allocation of the EU over a period of seven years. Science Europe recommends strengthening science, research, and innovation by increasing their budget in the MFF for 2021–2027 and to take measures to ensure that the 9th Framework Programme for Research and Innovation will have the capacity to achieve its goals.
Science Europe shares eight key principles to shape the future Framework Programme. Examples of its European added value include the ERC’s role in fostering Europe-wide competition, the support of Research Infrastructures as a fundamental part of the European research system, and the support of collaborative research to solve societal challenges that cannot be addressed purely with national efforts.