Why are EU funds important for large companies?

Why are EU funds important for large companies?


Safran is one of the largest aerospace company in the world. That success is based on technology. Research and innovation is absolutely key in our strategy. We invest on our own funds a
lot of money per year, and with a trend to grow in the next few years – to be above 600 millions a year. And we do that because it’s the primary lever for competition on a global scale. We need some support from the public players to help us to take more risks, to look for the longer-term future and the key challenges we face such as decarbonisation for instance. Among all the European companies Siemens is one of the most active participants in European funded research programmes. We like these programmes because firstly they are based on the principle of excellence. So it gives us the opportunity to work with
the best minds in Europe. Secondly, they are very collaborative, so we work with other companies, with universities in a well-defined framework. And thirdly they allow us to basically set the agenda for our future portfolio in a pre-competitive environment. We would very much like to see in the upcoming budget that the research spending gets a high focus. We call on EU institutions and
member states to increase the budget for the Horizon Europe programme to at least 120 billion euros to make Europe more innovative and competitive.

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