The proposal calls for €100 billion in research and innovation spending for years 2021-2027. Of that sum €2.4 billion is earmarked for the Euratom nuclear research program and €3.6 billion is put away for an umbrella investment fund, called InvestEU. After accounting for 2% annual inflation, in 2018 euros the funding for Horizon Europe amounts to €86.6 billion.[3][4]