Erasmus+ is the EU programme for education, training, youth and sport for 2014-2020.The Erasmus+ programme aims to boost skills and employability, as well as modernising Education, Training, and Youth work. The seven year programme will have a budget of €14.7 billion; a 40% increase compared to current spending levels, reflecting the EU's commitment to investing in these areas.

http://ec.europa.eu/programmes/erasmus-plus/discover/index_en.htm