The agreement does not cover the budgetary aspects of the draft regulation, given that the final amounts will depend on the agreement reached on the next Multiannual Financial Framework. A number of other issues of a horizontal nature have also been set aside pending progress in related files (e.g. InvestEU, Structural Funds).Nevertheless the agreement on the Council's position is an important step towards the adoption of the regulation together with the European Parliament.

The programme will be based on three complementary and interconnected pillars. The first pillar (Excellent science) supports excellent basic science. It strengthens the Union’s scientific leadership and will develop high-quality knowledge and skills. The second pillar (Global challenges and European industrial competitiveness) supports research which addresses societal challenges and industrial technologies in areas such as health, security, digital and key enabling technologies, climate, energy, mobility, food and natural resources. Alongside these areas, a limited number of research missions and partnerships will be introduced. Any given mission (e.g. zero carbon emission cities) will contain a portfolio of research activities. The third pillar (Innovative Europe) focuses on scaling up breakthrough and disruptive innovation by establishing a European Innovation Council. The latter will offer a one-stop-shop for high-potential innovators. In addition to the three pillars, a horizontal section will improve the programme's delivery for widening participation and strengthening the European Research Area and includes measures to support member states in making the most of their national research and innovation potential.

The Horizon Europe package consists of proposals for:

1. a framework programme for research and innovation including the rules for participation and dissemination entitled 'Horizon Europe', the successor to the current Horizon 2020 framework programme.;
2. a specific programme to implement 'Horizon Europe';
3. a research and training programme under the Euratom Treaty complementing Horizon Europe;
4. a Council Decision amending Decision 2007/198/Euratom establishing the European Joint Undertaking for the International Thermonuclear Experimental Reactor (ITER).

The Horizon Europe package is expected to strengthen the EU's scientific and technological base in order to help tackle the major global challenges and contribute to achieving the Sustainable Development Goals. At the same time, it should boost the Union's competitiveness, including that of its industries. The package will help deliver on the Union's strategic priorities and support the development and implementation of Union policies.

The Commission has proposed a total budget for the programme of 100 billion euros. Overall the programme is expected to increase EU's gross domestic product (GDP) by an average of 0.08% to 0.19% over 25 years and create up to 100 000 jobs in R&I activities for the years 2021 to 2027.

The proposal provides for the programme to start on 1 January 2021. 

• Proposal for a regulation of the European parliament and of the Council establishing Horizon Europe – the Framework Programme for Research and Innovation, laying down its rules for participation and dissemination

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