The Programme has an overall indicative financial envelope of 14.774 billion EUR under Heading 1 and of 1.680 billion EUR under Heading 4 of the EU Budget for the seven years (2014-2020). The annual budget is adopted by the Budgetary Authority. The different steps for the adoption of the EU budget can be followed at:

http://ec.europa.eu/budget/explained/management/deciding/deciding_detail/decide_detail_en.cfm 

For information about the available budget by action, planned number of projects to be granted as well as indicative average grants, please consult the 20181 Erasmus+ Annual Work Programme (http://ec.europa.eu/dgs/education_culture/more_info/awp/index_en.htm)  

• 1. Actions in the field of higher education targeting mobility and cooperation with Partner Countries are also supported with Heading 4 funds allocated by the 2017 Annual Work Programme (http://ec.europa.eu/dgs/education_culture/more_info/awp/index_en.htm)