EU To Invest €670 Million In Circular Economy

circular-economy-european-commissionThe European Commission is set to invest €670 million to develop strong and sustainable economies over the next two years. 

Under the EU’s research and innovation funding scheme, Horizon 2020, the Commission will invest almost €16bn in research and innovation in the next two years.

The new Work Programme 2016-17 offers funding opportunities through a range of calls for proposals, public procurements and other actions like the Horizon Prizes, together covering nearly 600 topics.

The programme’s structure is a reflection of the overall flexibility of Horizon 2020, which focuses on the EU’s long-term priorities and the most “pressing societal challenges” while allowing it to swiftly address emerging problems such as outbreaks of diseases.

The programme will support a range of cross-cutting initiatives, including:

  • the modernisation of Europe’s manufacturing industry (€1 billion)
  • technologies and standards for automatic driving (over €100 million)
  • the Internet of Things (€139 million) to address digitalisation of EU industries
  • Industry 2020 in the Circular Economy (€670 million) to develop strong and sustainable economies
  • Smart and Sustainable Cities (€232 million) to better integrate environmental, transport, energy and digital networks in EU’s urban environments.

Sustainable Economies

Carlos Moedas, Commissioner for Research, Science and Innovation, said: “Research and innovation are the engines of Europe’s progress and vital to addressing today’s new pressing challenges like immigration, climate change, clean energy and healthy societies.”

European Union’s research and innovation funding programme Horizon 2020 was launched on 1 January 2014. Over seven years €77 billion is being invested in research and innovation projects to support Europe’s economic competitiveness and extend the frontiers of human knowledge.

Carlos Moedas, Commissioner for Research, Science and Innovation – “Research and innovation are the engines of Europe’s progress and vital to addressing today’s new pressing challenges like immigration, climate change, clean energy and healthy societies”

The EU research budget is focused mainly on improving everyday life in areas like health, the environment, transport, food and energy. Research partnerships with the pharmaceutical, aerospace, car and electronics industries also encourage private-sector investment in support of future growth and high-skilled job creation.

The new funding opportunities offered by the Work Programme will aim to substantially contribute to the Jobs, Growth and Investment Package, the Digital Single Market, Energy Union and Climate change policy, Internal Market with stronger industry and making Europe a stronger global actor.


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