With this statement, EUA responds to the public consultation launched by the European Commission in the spring of 2016 ahead of the review of the EU’s Financial Regulation. The Financial Regulation sets out the general rules for the spending of the EU budget and thus also governs the operational basis for the awarding of all EU funds and their monitoring and control by the European Commission and respective agencies in charge of their management. The 2016 review is an important element in a series of ongoing or upcoming reviews and revisions of EU funding instruments and regulations that are important to universities.
These include the Multiannual Financial Framework (MFF) - the EU’s sevenyear long-term financial planning - and EU funding programmes such as Horizon 2020 and Erasmus+. The review will also provide the basis for discussions on the future MFF and the funding programmes post 2020.