Financial allocation of Horizon 2020, 2014-2020

The original envelope for Horizon 2020 proposed by the European Commission (EC) in 2011 was €87 740 million, of which €86 198 million was to be allocated to activities under Title XIX TFEU and €1 542 million would be an initial allocation to the European Institute of Innovation and Technology (EIT). During the negotiations of the 2014-2020 MFF, this envelope was modified, so the final decision – reflected in Article 6(1) of Regulation (EU) No 1291/2013 – set the financial envelope at €77 028.3 million, of which €74 316.9 million was allocated to Title XIX TFEU activities and €2 711.4 million to the EIT. The specific flexibility to strengthen research included in Article 15 of the MFF Regulation enabled €200 million to be frontloaded to Horizon 2020 for the 2014 to 2015 period