The new Erasmus+ programme builds upon earlier European Union initiatives promoting exchanges and the development of Europe-wide education and training systems, and youth work. New initiatives include a separate programme for sport and a student loan guarantee facility for those studying for a master’s degree.
Erasmus has grown into one of the EU’s most successful and most well-known initiatives. The overall programme budget is an increase on the current level of EU support for programmes in these areas and is a positive outcome in difficult economic circumstances. Applicants are provided with sufficient detail to make clear which activities are eligible for support and over 4 million people will now have the opportunity to benefit from the EU grants over the next 7 years.