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Single Market, Innovation and Digital

Single Market, Innovation and Digital

Single Market, Innovation and Digital

Heading 1 amounts to €210.5 billion, of which one third would be provided under NGEU. It represents 11.4% of the total proposed financial package (COM2020 MFF+ NGEU). Horizon Europe is the biggest programme. Boosted by €13.5 billion from NGEU, it amounts to €94.4 billion. However, even with the reinforcement proposed by the Commission it remains below the European Parliament position. The InvestEU fund will be predominantly financed under NGEU (+€30.3 billion). Its allocation under the MFF was significantly reduced (-90%). Such front-loading of the fund will allow the concentration of financial support in the first years of recovery. The allocations for some other programmes are reduced in comparison to COM2018 MFF, e.g. the Connecting Europe Facility by 8.4% (including a 32% decrease in investments in energy). The margin left under the heading is reduced by 73%.

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