Tech Glossary

What is EU funding?

EU funding is a process where the European Union provides financial resources to support various projects and initiatives within the member states. These resources can be used to promote economic growth, social cohesion, innovation, research and development, environmental protection and other societal purposes. There are various programs and funds within the EU budget that provide financial support to various areas. Examples of such programs are Horizon Europe for research and innovation, Structural Funds for regional development, Cohesion funds to promote equal development between member countries, and the LIFE program for environmental protection and climate action. EU funding is an important mechanism for promoting cooperation and development within the European the union. It provides the opportunity for various actors such as companies, organizations, research institutes and public authorities to implement projects and initiatives that would otherwise not be possible without external funding. By applying for and gaining access to EU funding, you can contribute to creating a more sustainable and successful social development within the EU.