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Commissioner Maire Geoghegan-Quinn has announced the EU’s biggest annual research budget ever for 2011 - at €6.4 billion - with a pledge to make the money easier to access.

But it was a case of giving with one hand and taking away with the other, as the Commission proposed that some Framework Programme 7 funds be diverted to plug the gap in the budget of the ITER nuclear fusion project. 

“I am determined that the package we are announcing today will not only be the biggest ever, but also the most effective and the best administered,” Geoghegan-Quinn promised.

To read the full, original article click on this link: Science|Business EU launches €6.4M FP7 call with promise to SMEs

Author: Anna Jenkinson