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Erasmus+ 2014-2020 budget (€14.7 m); breakdown of the education and training budget by sector

Erasmus+ 2014-2020 budget (€14.7 m); breakdown of the education and training budget by sector

Figure 1 – Erasmus+ 2014-2020 budget (€14.7 m); breakdown of the education and training budget by sector

Erasmus+ has a budget of €14.7 billion for the 2014-2020 period, which is a 40 % increase compared to the previous period but a decrease from the amount originally proposed by the Commission. An additional €1.68 billion is available for actions with third countries through the external action budget. The programme encompasses previous education programmes (notably Erasmus, Tempus, Comenius, Leonardo da Vinci, Grundtvig and Youth in Action), bringing an overall reduction in calls and actions and more efficient use of funds. The division of funds in the three key actions described above applies to the areas of ‘education and training ‘ and ‘youth’. Over two-thirds of the budget goes to education and training (see Figure 1). Within this category, higher education receives almost half of that amount.
Erasmus+ also contributes to sport, which receives 1.8 % of the global budget. Funds support collaborative partnerships that promote integrity in sport (such as anti-doping and the fight against match-fixing). Grants are also available for non-profit-making European sports events. Sport is additionally supported by studies and data collection to help policy-makers and stakeholders’ dialogue, particularly in the annual EU sports forum. Another 1.9 % of the budget finances activities under the Jean Monnet sub-programme. These activities aim to promote excellence in European integration studies in higher education worldwide, by supporting academic institutions, research and teaching activities. Another branch of the Jean Monnet sub-programme nurtures dialogue between academics and policy-makers to improve EU policy governance.

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