Division (1) Regulation (EU) No 1291/2013 is hereby amended as follows:

In Article 6, paragraphs 1, 2 and 3 are replaced by the following:

‘1.

The financial envelope for the implementation of Horizon 2020 is set at EUR 74 828,3 million in current prices, of which a maximum of EUR 72 445,3 million shall be allocated to activities under Title XIX TFEU.

The annual appropriations shall be authorised by the European Parliament and by the Council within the limits of the multiannual financial framework.

2.

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:

(a)

Excellent science, EUR 24 232,1 million in current prices;

(b)

Industrial leadership, EUR 16 466,5 million in current prices;

(c)

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:

1. (i)

   Spreading excellence and widening participation, EUR 816,5 million in current prices;

2. (ii)

   Science with and for society, EUR 444,9 million in current prices;

3. (iii)

   Non-nuclear direct actions of the JRC, EUR 1 855,7 million in current prices.

The indicative breakdown for the priorities and specific objectives set out in Article 5(2) and (3) is set out in Annex II.

3.

The EIT shall be financed through a maximum contribution from Horizon 2020 of EUR 2 383 million in current prices as 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:

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.
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.
	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 technologiesf1,f2	13 035
2. Access to risk financef3	2 842,3
3. Innovation in SMEsf4	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

’.