Joint ERC and ERT Statement

1 February 2013

€80 Billion Budget for Research and Innovation is Vital for Europe's Future.

The ERT and the European Research Council (ERC) share strong concerns about cuts to the EU research budget expressed by Nobel laureates in their letter that was published across Europe last October. The prosperity of Europe depends on maintaining its competitive edge. Scientific discovery and technological progress will produce new products, processes and services, and new industries will be created in their wake. If we want Europe to be an attractive place for research investment and entrepreneurship, Europe’s R&D budget must serve this purpose.