Press Release: Boosting Small and Medium Enterprises’ investment in research: European Commission welcomes the Council agreement on the ‘Eurostars’ Programme

On 23 June, the Council of Ministers agreed to provide EUR 100 million from the EU's 7th Framework Programme (FP7) budget to Eurostars, a Research and Development (R&D) programme jointly set up by 31 countries to boost research capacities of Small and Medium-Sized companies (SMEs) in Europe. The EUR 100 million from FP7 will leverage at least EUR 300 million in public funding from the participating countries, resulting in a package of EUR 400 million for financing trans-national research partnerships driven research-performing SMEs in Europe.