Parliament and Council agreed the EU's final 2027 annual budget on 11 November, reversing the proposed Horizon Europe cut and securing full EIC payment flows from January.
BUDGET DEAL
EU 2027 annual budget sealed at €199.7B, Horizon Europe cut reversed
On 11 November, the European Parliament and Council reached a provisional agreement on the 2027 EU annual budget, the last under the 2021-2027 MFF.
Total commitments: €199.7 billion; payments: €211.5 billion. Parliament reversed the Council’s proposed €231 million cut to Horizon Europe and secured a €21.5 million increase above the Commission’s original proposal, landing the programme at approximately €12.8 billion for 2027. Council ratification is expected 23 November.
Without a budget agreement, the EU defaults to provisional twelfths from January: releasing one-twelfth of prior-year authorisations per month and freezing new EIC commitment decisions. The €1.8 billion EIC 2027 Work Programme, adopted on 5 November, requires a confirmed annual budget to begin disbursing grants in Q1.
For founders: EIC Accelerator commitments, Scaleup Europe Fund tranches, and Women TechEU grants are on schedule for Q1 2027. The formal Council vote is 23 November; no delays are expected.
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