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European Council reaches agreement on the EU recovery instrument and long-term budget

Tuesday 21 July 2020

On 21 July, after four days of talks by leaders of the EU27 countries, the European Council reached an agreement on the recovery instrument (Next Generation EU) and the future long budget of the EU (the Multiannual Financial Framework).

The fund allocates EUR 750 million of funding for NGEU, with EUR 1,074 billion allocated for the MFF. Of particular relevance for the European dementia movement:

  • Within the NGEU, EUR 5 billion was allocated to the Horizon Europe programme. However, this was a reduction of EUR 8.5 billion from the European Commission’s proposal
  • Funding in the recovery instrument for the EU4Health programme was completely removed from NGEU
  • In the MFF, Horizon Europe was allocated EUR 75.9 million, down from the EUR 80.9 billion proposed by the Commission
  • For the EU4Health programme, EUR 1.67 billion has been allocated, which is broadly consistent with the Commission’s proposal.

The next stage of the process will be focused on the trilogue negotiations (between the Commission, Council and Parliament), with the Parliament having the decisive vote, which is expected to take place sometime in autumn. The full text of the Council conclusions can be found here:

https://www.consilium.europa.eu/en/press/press-releases/2020/07/21/european-council-conclusions-17-21-july-2020/   

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