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The indicative breakdown for the priorities and specific objectives set out in Article 5(2) and (3) is set out in Annex II. Annex II is replaced by the following text: ‘ANNEX II Breakdown of the budget The indicative breakdown for Horizon 2020 is as follows, subject to the annual budgetary procedure: EUR million in current prices I Excellent science, of which: 24 232,1 1. European Research Council (ERC) 13 094,8 2. Future and Emerging Technologies (FET) 2 585,4 3. Marie Skłodowska-Curie actions 6 162,3 4. Research infrastructures 2 389,6 II Industrial leadership, of which: 16 466,5 1. Leadership in enabling and industrial technologies , 13 035 2. Access to risk finance 2 842,3 3. Innovation in SMEs 589,2 III Societal challenges, of which 28 629,6 1. Health, demographic change and well-being 7 256,7 2. Food security, sustainable agriculture and forestry, marine, maritime and inland water research, and the bioeconomy 3 707,7 3. Secure, clean and efficient energy 5 688,1 4. Smart, green and integrated transport 6 149,4 5. Climate action, environment, resource efficiency and raw materials 2 956,5

6. Europe in a changing world – Inclusive, innovative and reflective societies 1 258,5 7. Secure societies – Protecting freedom and security of Europe and its citizens 1 612,7 IV Spreading excellence and widening participation 816,5 V Science with and for society 444,9 VI Non-nuclear direct actions of the Joint Research Centre (JRC) 1 855,7 VII The European Institute of Innovation and Technology (EIT) 2 383 TOTAL 74 828,3 Including EUR 7 423 million for Information and Communication Technologies (ICT) of which EUR 1 549 million for photonics and micro-and nanoelectronics, EUR 3 741 million for nanotechnologies, advanced materials and advanced manufacturing and processing, EUR 501 million for biotechnology and EUR 1 403 million for space. As a result, EUR 5 792 million will be available to support Key Enabling Technologies. Around EUR 994 million of this amount may go towards the implementation of Strategic Energy Technology Plan (SET Plan) projects. Around one third of this may go to SMEs.

AMENDMENTS TO REGULATION (EU) NO 1291/2013 AND REGULATION (EU) NO 1316/2013 (1) Regulation (EU) No 1291/2013 is hereby amended as follows: In Article 6, paragraphs 1, 2 and 3 are replaced by the following: The annual appropriations shall be authorised by the European Parliament and by the Council within the limits of the multiannual financial framework. The amount for activities under Title XIX TFEU shall be distributed among the priorities set out in Article 5(2) of this Regulation as follows: Excellent science, EUR 24 232,1 million in current prices; Industrial leadership, EUR 16 466,5 million in current prices; Societal challenges, EUR 28 629,6 million in current prices. The maximum overall amount for the Union financial contribution from Horizon 2020 to the specific objectives set out in Article 5(3) and to the non-nuclear direct actions of the JRC shall be as follows: Spreading excellence and widening participation, EUR 816,5 million in current prices; Science with and for society, EUR 444,9 million in current prices; Non-nuclear direct actions of the JRC, EUR 1 855,7 million in current prices.

Within the target of allocating a minimum of 20 % of the total combined budgets for the specific objective “Leadership in enabling and industrial technologies” and the priority “Societal challenges” for SMEs, a minimum of 5 % of those combined budgets will be initially allocated to the dedicated SME instrument. A minimum of 7 % of the total budgets of the specific objective “Leadership in enabling and industrial technologies” and the priority “Societal challenges” will be allocated to the dedicated SME instrument averaged over the duration of Horizon 2020. The Fast Track to Innovation (FTI) pilot actions will be funded from the specific objective “Leadership in enabling and industrial technologies” and from the relevant specific objectives of the priority “Societal challenges”. A sufficient number of projects will be launched in order to allow a full evaluation of the FTI pilot.’.

(2) Regulation (EU) No 1316/2013 is amended as follows: In Article 5, paragraph 1 is replaced by the following: The financial envelope for the implementation of the CEF for the period 2014 to 2020 is set at EUR 30 442 259 000 in current prices. That amount shall be distributed as follows:

transport sector: EUR 24 050 582 000 , of which EUR 11 305 500 000 shall be transferred from the Cohesion Fund to be spent in line with this Regulation exclusively in Member States eligible for funding from the Cohesion Fund; telecommunications sector: EUR 1 041 602 000 ; energy sector: EUR 5 350 075 000 . These amounts are without prejudice to the application of the flexibility mechanism provided for under Council Regulation (EU, Euratom) No 1311/2013 (). In Article 14, paragraph 2 is replaced by the following: In Article 21, paragraph 4 is replaced by the following: The Commission shall be empowered to adopt delegated acts in accordance with Article 26 to raise the ceiling set out in Article 14(2) up to 10 %, provided the following conditions are met: the evaluation of the pilot phase of the Project Bond Initiative carried out in 2015 is positive; and the take-up of financial instruments exceeds 6,5 % in terms of project contractual commitments.’.