The Irish presidency of the European Union agreed upon Erasmus + along with the member – countries and the European parliament. Erasmus + is the newly proposed framework programme related to education, training, youth and sports for the 2014-2020 programme period.
"Investing in education and training is the best investment we can make for Europe's future. Studying abroad boosts people's skills, personal development and adaptability, and makes them more employable. We want to ensure that many more people benefit from EU support for these opportunities. We also need to invest more to improve the quality of education and training at all levels so we are a match for the best in the world and so that we can deliver more jobs and higher growth," said Androulla Vassiliou, Commissioner for Education, Culture, Multilingualism and Youth.
Erasmus + integrates the Lifelong Learning programme (Leonardo, Comenius, Grundtvig, Erasmus and Jean Monet sub programmes), Youth in Action and five other transnational programmes, into a unified, simplified and modernised programme. This new programme will focus on formal and non-formal education across Europe, with the aim to improve the skills and employability of students, teachers, trainers and youth workers.
The new programme is named after the successful Erasmus exchange programme. The new programme will focus on EU added value and systemic impact, with support for three types of action: learning opportunities for individuals, both within the EU and beyond; institutional cooperation between educational institutions, youth organisations, businesses, local and regional authorities and NGOs; and support for reforms in Member States to modernise education and training systems and promote innovation, entrepreneurship and employability.
The new structure is expected to be more effective, facilitate financial aid application processes, and in the meanwhile reduce the overlapping and fragmentation of the programmes. Two-thirds of the funding would be spent on mobility grants to enhance knowledge and skills.
The aim of the new programme will be to establish a stable partnership between education and business to encourage innovation and competitiveness, and in the meanwhile stimulate employment, with an accent on combating youth unemployment.
New financing approach
Erasmus for All would bring together all the current EU and international schemes for education, training, youth and sport, replacing seven existing programmes1 with one.
Erasmus + is an integrated programme which means which will be based on key sectors, and not in educational ones. The European commission proposed a 70% increase in the total budget for all the concerned spheres. More fix rates and lump sums will be used with the purpose of facilitating the beneficiaries and raising the efficiency of the programme. Some of the existing financed activities from the Lifelong learning programme and the Youth in Action programme will fallout, meanwhile others will be included in the new Erasmus + programme.
The European Commission, European Council and the European Parliament reached an agreement regarding the new programme. As the 2007 – 2013 programme periodhas come to an end, the budget for the new 2014 -2020 period must be approved by the European Parliament and the governments of the member states. These negotiations will formulate and determine the total budget of the Erasmus+ programme.
 Lifelong Learning Programme (Erasmus, Leonardo da Vinci, Comenius, Grundtvig),Youth in Action, Erasmus Mundus, Tempus, Alfa, Edulink and the bilateral cooperation programme with industrialised countries