The European Commission's Horizon 2020 funding programme for 2014–20 will support about 110,000 research positions, the commission said on 30 November. The €80-billion (US$107-billion) scheme replaces final Framework Programme — FP7. It includes a 77% budget increase for the European Research Council (ERC) and a 21% increase for the Marie Curie Actions programme, which funds young researchers. Marie Curie Actions will raise the number of graduate students and postdocs it supports from 50,000 to 65,000. The ERC will fund some 9,500 principal investigators and 38,000 early-career researchers — almost twice as many scientists as under FP7.