Call for Research & Innovation Funding Increase

14 October 2011

BRUSSELS, 11 October: The European Parliament's Committee on Budgets (BUDG) has called for an additional €30 million in funds that are proposed to be allocated to research, innovation and education in the European Union's budget.

The €30 million is in addition to the funding already outlined in the European Commission's budget proposal. The Committee on Budgets decision echoed calls by its rapporteur, Ms Francesca Balzani (S&D, IT), who has previously warned that the Europe 2020 growth strategy could be in danger of falling victim to the current austerity climate.

The Committee will vote on a draft resolution next week. A resolution will form the basis of the European Parliament's budget negotiations with the European Council. The European Parliament will vote on this resolution during its 26th October plenary session.

The full BUDG press release is available here.