The European Commission has allocated an additional 125 million euro to the ERC’s 2024 budget. The extra money comes from the association of the United Kingdom to Horizon Europe and allows to fund another 48 Advanced Grants this year.

The amendment to the 2024 Work Programme also re-introduces the ERC Executive Agency’s right to object to the transfer or licencing of intellectual property rights stemming from ERC grants to legal entities established in a non-associated third country. This change reflects the EU’s general move to minimise risks arising from certain economic flows in the context of increased geopolitical tensions and accelerated technological shifts, while preserving maximum levels of economic openness and dynamism.

Lastly, one million euro was allocated to support communication activities in line with the ERC External Communication Strategy.