Press Release: €7 billion boost for research and innovation will create jobs and growth

Commissioner Máire Geoghegan-Quinn has announced nearly €7 billion to kick-start innovation through research. The European Commission's biggest ever such funding package, under the EU's Seventh Framework Programme for Research (FP7), is expected to create around 174 000 jobs in the short-term and nearly 450 000 jobs and nearly €80 billion in GDP growth over 15 years1. EU research funding is at the top of the political agenda and has now been placed at the centre of a coherent innovation strategy, the Innovation Union, which Europe needs if it is to compete with large, dynamic countries like the US and China.

European Commission: Memo/11/521: Commission announces latest €7 billion of investment in research and innovation - frequently asked questions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/521&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: Memo/11/520: Added Value of Research, Innovation and Science Profile http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/520&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: Speech/11/532: Máire Geoghegan-Quinn: The European Commission's €7 billion invitation to researchers and innovators to bid for funding http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/11/532&format=HTML&aged=0&language=EN&guiLanguage=en

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