EU funding is financial support provided by the European Union to promote innovation, research and sustainable development. These funds form part of the EU's strategy to enhance competitiveness and growth in its member states.
The funding is available to a number of different target groups, including businesses, research institutions and non-profit organisations. It can be used for a wide range of projects aimed at addressing societal challenges and developing sustainable solutions.
By providing this financial support, the EU is not only promoting economic growth, but also facilitating the exchange of knowledge and best practices between its member states.