Creation date: September 14, 2016
An additional €6,3 billion in financing will be freed up by 2020 by the EU as presented by the European Commission during its mid-term review of the multiannual EU budget (2014-2020). The money will go to foster job creation, investment and economic growth and to address migration and its root causes.
€2,4 billion will go to further boost growth and jobs via more money for highly performing programmes such as the extended European Fund for Strategic Investments (EFSI), the Youth Employment Initiative, the programme for research and innovation 'Horizon 2020' (an extra €400 million for Horizon 2020 research), the EU programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME), Erasmus as well as the Connecting Europe Facility (CEF) that supports the development of trans-European networks in the fields of transport, energy and digital services. This includes €50 million for WiFi4EU, aiming at helping European communities offer free WiFi hotspots to any citizen, leading to a total envelope of €120 million.
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