Namely, FER participated in projects whose total value amounts to an incredible HRK 3 billion. The faculty kept almost a seventh of the money, i.e. almost HRK 430 million, which finances the hire of researchers and the purchase of state-of-the-art research equipment. The projects employ 350 researchers, and FER has pulled more money from the EU to fund scientific research than almost all other faculties of the University of Zagreb combined.
To put it into perspective, every tenth euro of all financial resources for research and innovation, which in Croatia is provided by the Horizon 2020 Framework Program, goes to FER.
However, FER still withdraws more money from domestic funds than international ones, according to a 2021 analysis. Most of its projects were financed by the Croatian Science Foundation (58%), followed by the European Regional Development Fund (35%) and the European Social Fund (0.7%). International projects are dominated by Horizon 2020 (30%), followed by the European Cooperation in Science and Technology (21%), Erasmus+ (14.5%), bilateral projects (13%), Interreg Europe (6.5%) and other projects (16%).
In the new financial envelope, scientific funds, especially for research and development, are enormous, with Horizon Europe having a budget of €95.5 billion for the period 2021-2027, which includes €5.4 billion from the NextGenerationEU recovery plan and additional EU investments (MFF) of €4 billion.