EU Funding

Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe's global competitiveness. Seen as a means to drive economic growth and create jobs, Horizon 2020 has the political backing of Europe’s leaders and the Members of the European Parliament.

The Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) focuses on the specific needs of SMEs at European and global level. Its general objectives are to strengthen the competitiveness and sustainability of the Union’s enterprises, to encourage an entrepreneurial culture and to promote the creation and growth of SMEs.


The Connecting Europe Facility (CEF) aims to prepare and implement projects of common interest within the framework of the trans-European networks policy in the sectors of energy, transport and telecommunications.

EUREKA supports and funds international commercial research projects by using the capacities and funds of national innovation agencies and research ministries. EUREKA is an intergovernmental organisation for market-driven industrial R&D.  It is a decentralised network facilitating the coordination of national funding on innovation aiming to boost the productivity & competitiveness of European industries.

The European Cooperation in Science and Technology (COST) is an intergovernemental framework, allowing the coordination of natioanlly-funded research on a European level. COST is the longest-running European framework supporting trans-national cooperation among researchers, engineers and scholars across Europe. 

Creative Europe is the European Commission's framework programme for support to the culture and audiovisual sectors.

The European Institute of Innovation and Technology (EIT) is a key driver of sustainable European economic growth and competitiveness. It works to reinforce the innovation capacity of the European Union and its Member States in order to address grand challenges facing European society. From 2014 to 2020, the EIT will receive € 2 711.4 million to continue promoting innovation in Europe.

Within the European Structural & Investment Funds five main Funds work together to support economic development across all EU countries, in line with the objectives of the Europe 2020 strategy: European Regional Development Fund (ERDF); European Social Fund (ESF); Cohesion Fund (CF); European Agricultural Fund for Rural Development (EAFRD); European Maritime and Fisheries Fund (EMFF). 

As the largest multilateral borrower and lender by volume, the European Investment Bank (EIB) provides finance and expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. More than 90% of the activity is focused on Europe but the EIB also supports the EU's external and development policies.

The European Fund for Strategic Investment (EFSI) will be a dedicated Fund, managed and hosted by the European Investment Bank (EIB) and co-financed by the EIB and the European Commission. The Fund will finance strategic projects across the EU in infrastructure such as broadband, energy and transport; education, research and innovation; renewable energy and energy efficiency.

The Erasmus+ programme aims to boost skills and employability, as well as modernising Education, Training, and Youth work. The seven year programme will have a budget of €14.7 billion; a 40% increase compared to current spending levels, reflecting the EU's commitment to investing in these areas. Erasmus+ will provide opportunities for over 4 million Europeans to study, train, gain work experience and volunteer abroad.


Fiscalis 2020 is an EU cooperation programme enabling national tax administrations to create and exchange information and expertise. It allows developing and operating major trans-European IT systems in partnership, as well as establishing various person to person networks by bringing together national officials from across Europe. The programme has a budget of € 234.3 million and will run for 7 years from January 1 2014.


The Hercule III programme aims to promote activities against Fraud, corruption and any other illegal activities affecting the financial interests of the Union, thus enhancing the competitiveness of the European economy and ensuring the protection of the taxpayers' money. 

The LIFE programme is the EU’s funding instrument for the environment and climate action. The general objective of LIFE is to contribute to the implementation, updating and development of EU environmental and climate policy and legislation by co-financing projects with European added value.


The Asylum, Migration and Integration Fund (AMIF) was set up for the period 2014-20, with a total of EUR 3.137 billion for the seven years. It will promote the efficient management of migration flows and the implementation, strengthening and development of a common Union approach to asylum and immigration. This Fund will contribute to the achievement of four specific objectives:

Launched in 2006, the European Instrument for Democracy and Human Rights (EIDHR) replaces and builds upon the European Initiative (2000-2006).
The thematic instrument has a broad scope of action. Its aim is to provide support for the promotion of democracy and human rights in non-EU countries.

The Instrument for Pre-accession Assistance (IPA) is the means by which the EU supports reforms in the 'enlargement countries' with financial and technical help. The IPA funds build up the capacities of the countries throughout the accession process, resulting in progressive, positive developments in the region. For the period 2007-2013 IPA had a budget of some € 11.5 billion; its successor, IPA II, will build on the results already achieved by dedicating € 11.7 billion for the period 2014-2020.

The new European Neighbourhood Instrument with a budget of €15.4 billion will provide the bulk of funding to the 16 partner countries covered by the European Neighbourhood Policy (ENP) in line with the principles of differentiation and the incentive based approach.

Building on the achievements of the previous European Neighbourhood and Partnership Instrument (ENPI), the ENI will support strengthening of relations with Neighbourhood countries and bring tangible benefits to both the EU and its partners.

The objectives and general principles of the Development Cooperation Instrument (DCI) have been formulated in line with the Lisbon Treaty and the latest policies, notably the 'Agenda for Change' of EU development policy. Its prime objective is the reduction of poverty.


In 2001, the EU Civil Protection Mechanism was established, fostering cooperation among national civil protection authorities across Europe. The Mechanism currently includes all 28 EU Member States in addition to Iceland, Montenegro, Norway, Serbia, and the former Yugoslav Republic of Macedonia. Turkey has recently signed the agreements to join the Mechanism.

The Employment and Social Innovation programme is a financing instrument at EU level to promote a high level of quality and sustainable employment, guaranteeing adequate and decent social protection, combating social exclusion and poverty and improving working conditions.

TAIEX is the Technical Assistance and Information Exchange Instrument managed by the Directorate-General Enlargement of the European Commission. TAIEX supports partner countries with regard to the approximation, application and enforcement of EU legislation. 


The third EU health programme is the main instrument the European Commission uses to implement the EU health strategy. It is implemented by means of annual work plans which set out priority areas and the criteria for funding actions under the programme. The total budget for the programme is € 449.4 million.

This programme shall contribute to the further development of an area where equality and the rights of persons, as enshrined in the Treaty, the Charter and international human rights conventions, are promoted and protected.