The European Commission is hoping a new public-private fund of funds can bolster venture capital markets and funnel money to start-ups, while providing competition to the dominant European Investment Fund
Commission president Jean-Claude Juncker presents timetable for an EU move into defence-related research and announces a top-up – from €315B to €500B - for the EU Fund for Strategic Investments
After raiding Horizon 2020 funds, the European Fund for Strategic Investments is attracting private investment and on course to reach its €315B target. But the low risk projects it is financing are not wholly innovative - only one involves a research organisation
Following tough negotiations, the European Commission has announced it will cut €500M less from the Horizon 2020 research programme, after additional money is found in the EU budget
The EU is working to finish tough negotiations over Juncker’s new investment fund, which proposes to take €2.7B out of research coffers. Insiders warn that contrasting opinions over how best to divide cuts have yet to be resolved
As the row over where the money for the European Fund for Strategic Investment is to come from rumbles on, the EIB announces loans for four renewable energy and strategic infrastructure projects, earmarking them for backing from the Juncker fund
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