EUCAR position on proposed accounting changes for Horizon Europe
Brussels, 9 February 2021 – The European Council for Automotive R&D (EUCAR), representing the major European automobile manufacturers in their common research activities, welcomes the efforts made by the European Commission (EC) to address the administrative burdens in financial cost reporting within Horizon Europe projects.
This paper sets out EUCAR’s assessment of the proposed accounting changes for Horizon Europe. As EUCAR, we believe that Horizon Europe should boost Europe’s growth, employment and competitiveness while addressing the twin challenge of the green and digital transition. The use of common financial accounting procedures from industry, and the reduction of complex of rules, will have a positive impact on the industrial participation and accelerate innovation.