EUR-Lex Access to European Union law
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Research and innovation contribute directly to our level of prosperity and the well-being of individuals and society in general. The Treaty of Lisbon strengthens European Union (EU) action in this field of research with the aim of creating a European Research Area.
With a budget of nearly EUR 80 billion, ‘Horizon 2020 ’ is the EU's research and innovation programme for the period 2014-2020. It is designed to implement the Innovation Union , Europe's strategy for innovation and one of the Europe 2020 flagship initiatives. Horizon 2020 aims to establish the EU as a leading knowledge-based economy, producing world-class science and innovation to ensure Europe's global competitiveness.