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For the next long-term EU budget 2021-2027, the Commission is proposing €100 billion for research and innovation.

A new programme – Horizon Europe – will build on the achievements and success of the previous research and innovation programme (Horizon 2020) and keep the EU at the forefront of global research and innovation. Horizon Europe is the most ambitious research and innovation programme ever.

Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said “Investing in research and innovation is investing in Europe's future. EU funding has allowed teams across countries and scientific disciplines to work together and make unthinkable discoveries, making Europe a world-class leader in research and innovation. With Horizon Europe, we want to build on this success and continue to make a real difference in the lives of citizens and society as a whole.”