The proposal for Horizon Europe is part of the set of initiatives being released following the 2 May publication of the proposed 2021-27 Multi-annual Financial Framework (MFF).

Though the Commission has proudly announced that Horizon Europe answers the calls of stakeholders and the “Lamy Report” for an increased budget, the European Parliament has said that the nearly EUR 100 billion allocated to Horizon Europe can only be considered a nearly 50% increase when 2018 prices are taken into account. Furthermore, what to do about Brexit, the impact of which, the Parliament complains, is not well defined nor prepared for. Regardless–and though stakeholders are still calling for more–research and innovation “wins” in terms of funding priorities, especially when compared to more “traditional” recipients of EU spending such as Cohesion Policy and the Common Agricultural Policy.

The NOVE analysis provides the structure of Horizon Europe in comparison to Horizon 2020, outlines the budget and the three pillars, before providing a snapshot of stakeholder reactions and legislative next steps.