Horizon 2020 is the European Program for research and innovation for the new funding period 2014-2020. It brings together into a single coherent and flexible framework all research and innovation funding provided during the funding period 2007-2013 through the Framework Programme for Research and Technological Development, the Competitiveness and Innovation Framework Programme (CIP) and the European Institute of Innovation and Technology (EIT). It provides funding for every stage of the innovation process from basic research to market uptake. Horizon 2020 is the financial instrument implementing the Innovation Union. The Horizon 2020 programme consists of the following parts:

• Excellent Science;
• Industrial leadership;
• Societal challenges;
• Non-nuclear direct actions of the Joint Research Centre (JRC).

Erasmus+ is the new programme proposed by the European Commission for education, training, youth and sport. Erasmus+ Programme focuses on three types of key actions: 

1. Transnational and international learning mobility of students, young people, teachers and staff; 
2. Cooperation for innovation and good practices between education institutions and bodies active in the youth field, and the support to the policy agendas, 
3. Support to capacity building in third countries, including enlargement countries, with a particular focus on neighbouring countries and the international policy dialogue. It particularly aims to contribute to reach the following Europe 2020 headline targets:

• Reduction of early school leaving rates;
• Increase of 30-34 years old students having completed third level of education. Erasmus plus replaces seven previous existing programmes in the areas of education, training and youth to increase efficiency, reduce duplication and fragmentation, and make it easier to apply for grants. Erasmus+ integrates previous international programmes (Erasmus Mundus, Tempus, Edulink and Alfa) and cooperation programmes with industrialised countries. To this end, the budget of the Programme is complemented by financial allocations coming from the different external cooperation instruments. A new financial instrument - a loan guarantee facility - is introduced to enable students to take their Masters degree in another European country.

The Galileo programme is Europe's initiative for a state-of-the-art global satellite navigation system, providing a highly accurate, guaranteed global positioning service under civilian control. The fully deployed system will consist of 30 satellites and the associated ground infrastructure. Galileo will be inter-operable with GPS and GLONASS, the two other global satellite navigation systems.

Supporting the development of high-performing, sustainable and efficiently interconnected trans-European networks in the field of energy, telecommunications and transport; building missing cross-border links and removing bottlenecks along main trans-European transport corridors. CEF allows the construction of projects that would not be taken up by the market otherwise. Creating a centrally managed infrastructure fund minimises the administrative burden and decrease the costs for the EU budget by promoting synergies on project and programme level.

Customs 2020 Programme helps to raise revenue for the EU and Member States' budgets and delivers considerable benefits to EU citizens and business, whether it is through blocking unsafe or illegal imports or facilitating trade.

The Fiscalis 2020 Programme is created to fight against tax fraud and support revenue collection for the EU and Member States' budgets. It is a key element in efforts to strengthen an EU Internal Market

The new Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) aims at supporting the competitiveness, growth and sustainability of EU's enterprises, in particular SMEs, and promoting entrepreneurship. To reach this goal, the programme eases SME's access to finance by providing loan guarantees and risk-capital, facilitates access to new markets inside and outside the EU and improves the framework conditions for businesses, e.g. by reducing the administrative burden on SMEs. COSME builds on results and lessons learnt from the Entrepreneurship and Innovation Programme (EIP), such as the Enterprise Europe Network. It ensures continuity with initiatives and actions undertaken under EIP and continues the many successful features of the EIP, while simplifying management to make it easier for entrepreneurs and small businesses to benefit.

Youth Employment Initiative supports young people not in education, employment or training in the Union's regions with a youth unemployment rate in 2012 at above 25 %. The initiative focuses on integrating these young people into the labour market. Of the funding, €3 billion come from a dedicated Youth Employment budget line complemented by €3 billion more from the European Social Fund.

Cohesion fund reduces economic and social shortfall, as well as stabilising the economy of Member States whose Gross National Income (GNI) per inhabitant is less than 90 % of the EU average. Part of the Cohesion Fund allocation (€10 billion) is ring-fenced to finance core transport networks under the "Connecting Europe" Facility. The Cohesion Fund can also support projects related to energy, as long as they clearly present a benefit to the environment, for example by promoting energy efficiency and the use of renewable energy.

 The European territorial cooperation scheme helps regions across Europe to work together to address shared problems. Funding is made available through the European Regional Development Fund.