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."