EU Budget increased for Erasmus+ programme at last!

The next long-term EU budget 2021-2027 developed by the European Commission foresees a Europe which needs to invest more in its young people. This translates itself with an increase of €116.7 million for the Youth Employment Initiative in commitment appropriations, raising the total to €350 million, to help young people seeking jobs.

Furthermore, the European Parliament succeeded in securing new resources, on top of the Commission’s budget proposal, for programmes they consider key to boosting growth and jobs. These programmes include COSME for the support of small-to-medium enterprises (up by €15 million), Horizon 2020 for the support of research programmes with an increase of €110 million, and Erasmus+ receiving an additional €24 million. With doubled funding, this programme will be even more effective in supporting key political objectives such as building a European Education Area by 2025, empowering young people and promoting a European identity through youth, education and culture policies. The aim of the Commission's proposal for the Erasmus programme is to:

  • Increase the number of beneficiaries: up to 12 million people between 2021-2027 - three times as many as in the current financing period.
  • Reach out to people from all social backgrounds
  • Build stronger relations with the rest of the world: Mobility and cooperation with third countries will also be boosted
  • Focus on promoting forward-looking study fields such as renewable energy, climate change, environmental engineering, artificial intelligence or design.
  • Promote a European identity with a travel experience: DiscoverEU

These results may have been influenced by the success of the Erasmusx10 campaign organised by the Erasmus+ Coalition. This budget proposal is of great news for the youth sector, as the European Parliament considers the development of this field as fundamental to the wellbeing of the European Union. Indeed, financial support in the youth field in Europe will have great benefits for the future, such as cultural exchange, tolerance, intercultural sensitivity, the enhancement of a feeling of European citizenship and boosted employability.

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Cloe Juigne