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The European Research Council (ERC)
The European Research Council (ERC) – the first pan-European funding body for frontier research - was set up in 2007 under the EU's Seventh Framework Programme for Research (FP7, the EU's main instrument for funding research in Europe, running from 2007-2013).
It aims to enhance the dynamic character, creativity and excellence of European research at the frontiers of knowledge.
Through peer reviewed competitions the best researchers are funded to perform their research in Europe. The total budget allocated to the ERC for the period 2007 to 2013 is € 7.5 billion.