What is the budget breakdown?
The budget framework for the whole period (2014 - 2020) is €70.2 bn (at 2011 prices). Securing enough funds for Horizon 2020 was one of Parliament's key priorities in the negotiations for the EU’s long-run budget (Multiannual Financial Framework) for 2014-2020) and the annual budget for 2014.
The total budget will be divided as follows:
- "Societal challenges" 39%
- "Excellent science" 32%
- "Industrial leadership" 22%
- European Institute of Technology, EIT 3.5%
- Non-nuclear direct actions of the Joint Research Centre 2.5%
- "Spreading excellence and widening participation" 1.1% and
- "Science with and for society" 0.6%