European Commission proposes massive increase in Horizon Europe budget to €175 billion

The European Commission wants to double the budget for the next EU flagship research programme that will run between 2028 to 2034. The proposal forms part of the commission’s submission on the bloc’s next long-term funding settlement and is still to be fully negotiated with the European parliament and member states.

While welcoming the potential increased funds, research organisations have also warned that some aspects of the commission’s proposals could see the research programme become too focused on industrial policy objectives.