On 27 May, the Commission put forward its proposal for an ambitious recovery plan in response to the coronavirus pandemic. To respond to the massive investment needs and to ensure the recovery is even, inclusive and fair for all Member States, a new recovery instrument called ‘Next Generation EU’ is created. Through this instrument, a €13.5 billion increase of the Horizon Europe budget is proposed. The budget increase will be used to provide European support for health and climate-related research and innovation activities.
- Publication date
- 29 May 2020
- Directorate-General for Research and Innovation