EU Science and technology funding |
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The EU Seventh Framework Programme for Research and Technological Development (FP7) is the world’s largest research programme with a total budget of €53.2 billion. Based on past performance, FP7 could be worth over €7billion to the UK, about €1 billion a year. The development process of the next FP, which will replace FP7 in 2014, is underway. This POSTnote explains the FP system and current developments.
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