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Research in the EU will receive a 12 percent increase in funding (Photo: Notat)

EU to invest €6.4 billion in research

Research organisations, universities and industry, will receive a sum of €6.4 billion next year in the European Commission's largest ever allocation for research and innovation.

Research commissioner Máire Geoghegan-Quinn said on Monday (19 July) when presenting the plan that around 16,000 participants, including about 3,000 small and medium businesses, will receive funding.

"The investment I am announcing today will create 165,000 jobs over the relatively short term and potential...

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Research in the EU will receive a 12 percent increase in funding (Photo: Notat)

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