r/europe • u/MacronLeNecromancer • 2d ago

Data Non-EU countries receive more funding from European Innovation Fund than 2/3 of EU countries combined

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u/ConsciousStop 2d ago edited 2d ago

The UK is on that list because it's an associate member of Horizon Europe and contributes €2.4 billion annually into it.

Source: https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6327

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u/Mr06506 2d ago

So this post is trying to make this sound controversial whereas in reality the UK contributes 30x more than it gets back via this specific fund?

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u/TrafficWeasel United Kingdom 2d ago

Sounds about right.

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u/Filias9 Czech Republic 2d ago

Surprising is not how many gets Israel. But how little get UK.

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u/lledaso 2d ago

This is indicative funding, it's what can be spent, not what is actually being spent. It's 93.5 billion € over 6 years, only 5% spent so far, the UK spends more that it gets, but not by as much as you say.

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u/IrishMilo 1d ago

Yes, and if horizon Europe was solely about gaining funding then it would be a dud deal but there are a lot of other advantages brought by the program that benefit the UK, either through indirect financial returns, like access to markets, and non financial returns like steering development to address issues more pertinent to UK environment.

If everything was just about money then it would be really easy calculate the ROI upfront and then decided to opt out.