EU budget 2024: 13.6 billion euros for research and innovation
To address the EU's various other priorities, the Commission proposes to allocate the following amounts to the various Commission priorities (in commitments):
- €53.8 billion for the Common Agricultural Policy and €1.1 billion for the European Maritime, Fisheries and Aquaculture Fund, for Europe's farmers and fishers, but also to strengthen the resilience of the agri-food and fisheries sectors and to provide the necessary scope for crisis management.
- €47.9 billion for regional development and cohesion to support economic, social and territorial cohesion, as well as infrastructure supporting the green transition and Union priority projects.
- €15.8 billion to support our partners and interests in the world, of which €11.4 billion under the Neighbourhood, Development and International Cooperation Instrument — Global Europe (NDICI — Global Europe), €2.1 billion for the Instrument for Pre-Accession Assistance (IPA III), and €1.7 billion for Humanitarian Aid (HUMA).
- €13.6 billion for research and innovation, of which €12.8 billion for Horizon Europe, the Union's flagship research programme. The Draft Budget also includes the financing of the European Chips Act under Horizon Europe and through redeployment from other programmes.
- €4.6 billion for European strategic investments, of which €2.7 billion for the Connecting Europe Facility to improve cross-border infrastructure, €1.3 billion for the Digital Europe Programme to shape the Union's digital future, and €348 million for InvestEU for key priorities (research and innovation, twin green and digital transition, the health sector, and strategic technologies).
- €2.1 billion for spending dedicated to space, mainly for the European Space Programme, which will bring together the Union's action in this strategic field.
- €10.3 billion for people, social cohesion, and values, of which €3.96 billion for the rising borrowing costs for NGEU (to be kept under close review), €3.7 billion Erasmus+ to create education and mobility opportunities for people, €332 million to support artists and creators around Europe, and €215 million to promote justice, rights, and values.
- €2.4 billion for environment and climate action, of which €745 million for the LIFE programme to support climate change mitigation and adaptation, and €1.5 billion for the Just Transition Fund to make sure that the green transition works for all.
- €2.2 billion for protecting our borders, of which €1.1 billion for the Integrated Border Management Fund (IBMF), and €874 million (total EU contribution) for the European Border and Coast Guard Agency (Frontex).
- €1.7 billion for migration-related spending, of which €1.5 billion to support migrants and asylum-seekers in line with our values and priorities.
- €1.6 billion to address defence challenges, of which €638 million to support capability development and research under the European Defence Fund (EDF), €241 million to support Military Mobility, €260 million for the new short-term defence instrument (EDIRPA) and €343 million to support the production of ammunition.
- €947 million to ensure the functioning of the Single Market, including €602 million for the Single Market Programme, and €200 million for work on anti-fraud, taxation, and customs.
- €754 million for EU4Health to ensure a comprehensive health response to people's needs, as well as €230 million to the Union Civil Protection Mechanism (rescEU) to be able deploy operational assistance quickly in case of a crisis.
- €726 million for security, of which €315 million for the Internal Security Fund (ISF), which will combat terrorism, radicalisation, organised crime, and cybercrime.
- €213 million for secure satellite connections under the new Union Secure Connectivity Programme.
Further information can be found here.