Over its lifetime, Erasmus+ will see a significant increase in EU funding (+40%) with an overall budget of €14.7 billion for the development of knowledge and skills.
Two-thirds of its funding will provide grants for more than four million people to study, train, gain work experience or volunteer abroad in 2014-2020. The time abroad can range from a few days up to a year.
Almost one billion euros will be allocated to the UK alone over seven years. In the UK, it is expected that nearly 250,000 people will undertake activities abroad with the programme.
Please visit the funding results webpage for information on the UK’s Erasmus+ participation statistics.
The European Union links Erasmus+ to policy objectives such as the Europe 2020 targets to raise higher education attainment from 32% to 40% and reduce the share of early school leavers from 14% to less than 10%.
Through Erasmus+ the EU aims to achieve the following by 2020:
- the mobility of 2 million higher education students within Erasmus+ programme countries
- mobility of an additional 135,000 students to and from Erasmus+ partner countries
- mobility of around 300,000 staff from higher education
- 200,000 master's student loans and 25,000 scholarships for Joint Master degrees
- 25,000 Strategic Partnerships between over 125,000 institutions, building alliances within and between educational sectors and with outside partners to implement joint initiatives and promote exchange of experience and know-how and links with the world of work
- 150 Knowledge Alliances between 1,500 higher education institutions and enterprises
- 1,000 Capacity-Building projects between higher education institutions in programme and partner countries
- over 500,000 young people will have the chance to volunteer abroad or take part in youth exchanges.
- 800,000 youth workers, lecturers, teachers, trainers and education staff to teach or train abroad.
- 650 000 vocational students will spend part of their education and training abroad
- more than 200,000 teachers collaborating online and involving more than 100,000 schools through eTwinning
- 800,000 lecturers, teachers, trainers, education staff and youth workers to teach or train abroad