UK Treasury backs Horizon 2020 funding

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H2020-WebThe UK Treasury has today announced that it will fully fund EU projects even when these projects continue beyond the UK’s departure from the EU.

Recognising the importance of science and innovation to society, productivity and economic competitiveness, the government has now provided reassurance to UK participants of the European Union’s Horizon 2020 Programme with a commitment to safeguard funding for research and innovation projects.
The Treasury has confirmed that it will underwrite funding for approved Horizon 2020 projects applied for before the UK leaves the European Union.  As a result, British organisations have certainty over future funding and should continue to bid for Horizon 2020 Calls while the UK remains a member of the EU. The Treasury will underwrite the payment of such awards, even when specific projects continue beyond the UK’s departure from the EU.

The UK is a major beneficiary of European Union research and innovation programmes. Under the previous funding programme for 2007-13, the UK received more than €7 billion (£5.9 billion). And the current programme, Horizon 2020, which runs from 2014 to 2020, offers more opportunities and has a higher budget than in the previous period.

Of course, the value of engaging in EU research programmes cannot be measured by the number of grants alone. The value lies in building networks – in exchanging information and experience. The Enterprise Europe Network provides free partnering and other support. It is present in over 60 countries, the EU and even more beyond including Bazil, China and New Zealand to mention but three so contact us to get free and impartial innovation support.

Source: Enterprise Europe Network (EEN) UK