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Budget adjustments to facilitate SMEs access to EU funding

The Commission has proposed technical adjustments to the 2014 EU budget to reflect the latest decisions on the new EU expenditure programmes. The changes do not affect the overall amount of this year´s EU Budget, but have to be formally approved by the Budgetary Authority (European Parliament and the Council).

EUR 42.5 million would be transferred from Cosme and Horizon 2020 programmes to the European Investment fund to increase SMEs access to EU funding. Two new budgetary lines were created for Horizon 2020 to reflect the different research actions financed through this programme.

The amendments also include the creation of a budget structure for Shift2rail a new European initiative to foster the competitiveness of the rail network infrastructure and products. The administrative expenditure (EUR 0.48 million) will be fully offset by a transfer from Horizon 2020. EUR 52 million is foreseen for actions supported by Shift2rail, which would be financed from Horizon 2020 until the initiative becomes fully operational.

Documents: Draft Amending Budget 1/2014