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European Parliament pushes for bigger innovation budget

date of publication > 26-October-2012

The European Parliament has been a long time advocate of increases in R&D budgets for Horizon 2020, as stated again in the European Institutions' latest conclusions on BUDGET  published on 23 October 2012. Horizon 2020, with a provisional budget of 80 billion euro, would be once implemented the world’s largest research programme. For many members of the European Parliament however the budget of the programme should be further extended.
"THE EUROSTARS PROGRAMME IS THE FIRST EUROPEAN FUNDING PROGRAMME TO BE SPECIFICALLY DEDICATED TO HIGH-TECH SMALL BUSINESSES."
 
In their resolution on the EU’s 2014-2020 budget, Members of the European Parliament warned the governements of the 27 EU Member States '[...] against any attempt to reduce further the level of EU expenditure,' at the same time underlining the critical role of research and innovation in accelerating a 'transition towards a sustainable, world-leading, knowledge-based economy.' The redefinition of the political priorities of Horzion 2020 was at the center of the debates, as were the possible budget cuts. A resolution was adopted with 517 votes in favour, 105 against and 63 abstentions, showing the strong comitment to building a more innovative Europe of this institution representing European citizens.
 
These discussions are of key importance to the Eurostars Programme, the first European funding and support programme to be specifically dedicated to high-tech small businesses, as it is partially funded by the EU and will be part of the future Horzion 2020 programme. SMEs in the sector of innovative products and services account for an important part of the total of small businesses and have proven to play a key role in the recovery of the European economy after the financial crisis.
 
The EU budget will be discussed again during a special summit gathering European heads of states on 22 and 23 November 2012.
 
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