Horizon 2020 and Erasmus budgets approved

By Jack Grove. The European Union’s flagship schemes to support higher education, Horizon 2020 and Erasmus+, have received substantial increases in their budgets. 
As part of a €1 trillion (£0.83 trillion) EU budget settlement announced this week, the EU’s research and innovation funding scheme Horizon 2020 will receive €70 billion between 2014 and 2020 – around €15 billion more than the €55 billion received under the current 7th Framework agreement that ran from 2007 to this year. Erasmus+, which supports student exchange programmes between European universities, will receive a 40 per cent increase in its budget, with a total of €14.7 billion available between 2014 and 2020. More...