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News for Europe 2020 strategy
    19 July 2010 - €6.4 billion for smart growth and jobs – EU's biggest ever investment in research and innovation
Commissioner Máire Geoghegan-Quinn announces today nearly € 6.4 billion of European Commission investment in research and innovation. "Investment in research and innovation is the only smart and lasting way out of crisis and towards sustainable and socially equitable growth. This European package will contribute to new and better products and services, a more competitive and greener Europe, and a better society with a higher quality of life. We are offering researchers and innovators €6.4 billion for cutting-edge projects focusing on big economic and societal challenges: climate change, energy and food security, health and an ageing population. This is a huge and efficient economic stimulus and an investment in our future."
There will be an opportunity to bid for funding from the EU's Seventh Framework Programme across a wide range of policy areas. There is a €1.2 billion boost to Information and Communication Technology (ICT) research, which will help deliver the Commission's commitment in the Digital Agenda for Europe to maintain the pace of yearly increases in ICT funding.

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