Erasmus+ is the new EU programme for education, training, youth and sport proposed by the European Commission on 23 November 2011. The proposal is now under discussion by the Council (28 Member States) and the European Parliament who will take the final decision.
It would start in 2014 and would significantly increase the funds allocated for the development of knowledge and skills. Erasmus+ is based on the premise that investing in education and training is the key to unlocking people's potential, regardless of their age or background. It helps them to increase their personal development, gain new skills and boost their job prospects.
Erasmus+ would bring together all the current EU and international schemes for education, training, youth and sport, replacing seven existing programmes with one. This will increase efficiency, make it easier to apply for grants, as well as reducing duplication and fragmentation. It is due to start in 2014. Up to 5 million people, almost twice as many as now, could get the chance to study or train abroad with a grant from Erasmus+. Among them would be nearly 3 million higher education and vocational students. Full-time Masters' students would also benefit from a new loan guarantee scheme set up with the European Investment Bank Group.