Business World

Wednesday 13 December 2017

EU plans €22bn investment in 'high-quality' jobs

THE European Commission, EU member states and European industry will invest more than €22bn over the next seven years in innovation for sectors that "deliver high-quality jobs".

The EU said most of the investment will go to five public-private partnerships in medicines, aeronautics, bio-based industries, fuel cells and hydrogen, and electronics.

About €8bn will come from the EU's Horizon 2020 programme, €10bn from industry and €4bn from member states.

European Commissioner for research, innovation and science Maire Geoghegan-Quinn said: "These initiatives are an investment in a better quality of life."

Irish Independent

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