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Agreement on Horizon Europe budget between Council and Parliament

Published on | 1 week ago

Programmes Horizon Europe  

The budget for the next European framework programme for research and innovation Horizon Europe 2021-2027, will be around €95.5 billion in current prices. Part of this budget is coming from Next Generation EU, €5.4 billion in current prices, and €4.5 billion in current prices comes from among others fines for breaking EU competition law.

The political agreement, reached on 11 December, between the German Presidency of the Council and the negotiators of the European Parliament for the proposed regulation establishing Horizon Europe, will still have to be formally approved by the Council and European Parliament. The regulation can only be formally adopted after the formal adoption of the EU's long-term budget, the Multi Financial Framework for 2021-2027.

EU Council press release

European Commission press release

Science Business article ‘EU announces budget breakdown for Horizon Europe after 14-hour talks’

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AVIA-GIS / SMEinstrument

Avia-GIS is a Belgian innovative SME established in 2001. They have built research and public authority trust over the past 19 years and developed a unique, disruptive software suite - VECMAP® - that will support society to overcome one of its important health threats, the spreading of Pests of Public Health importance.

With the help of a Horizon 2020 SME Instrument-phase 2 project, they will be able to add Integrated Pest Management (IPM) functionalities and bring VECMAP®IPM to the market. Within 5 years Avia-GIS will enable 2000 SME pest controllers and 2340 local authorities to shift to IPM strategies. With the grant they will raise revenue from 2 M€ to 14.2 M€ in 2024, and increase the headcount from 15 to 58.

The Horizon 2020 grant was an essential component of their second investment round. To date Avia-GIS already raised 1 M€ in additional private equity and they are now are seeking to complement this with an equal amount as a subordinate loan.

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