Horizon 2020 (H2020) is the European Union’s multiannual research and innovation programme, which, with a budget of close to €80 billion available from the EU budget, runs for the period 2014-20. This common strategic framework for the EU’s funding of excellent research and innovation is expected to attract additional investment from the private and public sector.
H2020 follows on from the seventh framework programme for research and technological development and demonstration activities, which ran for the 2007-2013 period. It is designed to maximise EU added value and impact, focusing on objectives and activities that cannot be efficiently achieved by EU countries acting alone.
It supports the implementation of the innovation union, one of the flagship initiatives of the Europe 2020 strategy, which aims, among other things, at securing Europe’s competitiveness.
Lastly, H2020 is complemented by measures to support the achievement and functioning of the European research area.
Source: EUR Lex Glossary