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EU set for massive increase in research spending

The European Commission has presented plans to boost spending on scientific research by tens of billions of euros.

EU science commissioner Maire Geoghegan-Quinn on Wednesday (30 November) announced the bloc's new €80 billion envelope, up from €50.5 billion for its previous seven-year funding programme. The new scheme, dubbed Horizon 2020, will run from 2014-2020.

"We need a new vision for European research and innovation in a dramatically changed economic environment," said Geoghe...

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