The Seventh Framework Programme of the European Community for research, technological development and demonstration activities (FP7) ran from 2007 to 2013. It was structured around four Specific Programmes supporting transnational collaborative research, investigator-driven research, career development of individual researchers, as well as training and mobility, and enhancement of research capacities in Europe. From the total budget of €55bn:

- 82% (€45bn) has been allocated in open calls in the four specific programmes (€28.7bn Cooperation, € 7.7bn Ideas, €4.8bn People, €3.8bn Capacities)
- 18% was allocated to Euratom, JRC direct actions, ITER, the Risk Sharing Finance Facility and administrative expenditure.

Horizon 2020, the successor research and innovation programme to FP7, runs from 2014 to 2020. Over the seven years, the programme will make available €77 billion in funding for research and innovation, an almost 40% increase on FP7 in current prices.