On 27 May 2020, the Commission proposed a revamped multiannual financial framework (€1.1 trillion) and a recovery plan (€750 billion) entitled “Next Generation EU.” This recovery plan would complement the EU budget by introducing new programs (including one in the health sector) and, where appropriate, adding to some programs already proposed in May 2018. The Horizon Europe budget will benefit from this plan, as the FIRP is included in Pillar III (“Learning from the Crisis”) of the Commission’s recovery plan proposal. The budget increases, in current prices, from €94.1 billion proposed in May 2018 to €105.8 billion (in 2018 prices, this represents an increase from €83.4 billion to €94.4 billion). Of this €105.8 billion, €14.6 billion (€13.5 billion in 2018 prices) would come from the recovery plan.
According to the Commission’s proposal, this plan would end at the end of 2024 and will focus on health (pandemic, clinical trials, vaccines, treatments), climate (following the “Green Deal” call currently being prepared under Horizon 2020), and disruptive innovation.
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