EC proposes a mammoth €80 billion for Horizon 2020

The EC has made a proposal for the EU budget for the next programme period (2014-2020). Horizon 2020 is proposed to have a whopping budget of €80 billion – a significant increase on the FP7 budget which stands at €52 billion.
The proposal calls for the fields of education and vocational training to be strengthened and it is proposed to overcome current fragmentation in the area by creating a new integrated programme for education, training and youth. The budget earmarked for this is €15.2 billion, and the aim is to have a clear focus on developing skills and mobility.
It is also proposed to increase spending on environmental and climate change issues, with spending on climate-related issues to increase by at least 20% compared to current levels.