Commission Set to Double Research and Innovation Funds for Decades.
Lobby Entities Argue Budget‑Allocated Tech Funds Fall Short
The technology budget provision outlined in the latest proposal has been deemed inadequate by a coalition of lobbying groups.
Primary Issues Highlighted
- Limited funding for essential infrastructure upgrades
- Insufficient support for cutting‑edge research and development initiatives
- Disproportionate distribution of resources across regional programs
EU Commission Unveils Expanded Multi‑Year Budget
On Wednesday, the European Commission released a new six‑year financial plan covering 2028‑2034, allocating €2 trillion—an uptick from the €1.21 trillion budgeted for 2022‑2027.
Demand for Greater Digital Investment
The tech lobby group Digital Europe replied by urging an added annual spend of €157 billion to €227 billion, citing Europe’s need to catch up with other regions globally. They emphasised that “digital technology is essential for cutting emissions, protecting critical infrastructure, and turbo‑charging productivity across all EU priorities.”
AI‑Focused Funding Commitments
- In February, Commission President Ursula von der Leyen announced EU plans to invest roughly €20 billion in AI gigafactories, essential for collaborative development of the most complex AI models.
- French President Emmanuel Macron pledged €109 billion for AI initiatives in France over the next several years.
- The United States committed €92 billion to cutting‑edge AI and energy projects on Monday.
Next Steps
The proposal now moves to member states for debate and requires the European Parliament’s approval before it can take effect.
