Commissioner Maire Geoghegan-Quinn revealed that the package will be used to fund a range of projects looking at issues such as energy and food security, climate change, health and the ageing population.
"This European package will contribute to new and better products and services, a more competitive and greener Europe, and a better society with a higher quality of life," she commented.
Around €600 million of the funding will be allocated to IT projects which cover areas such as digital content technologies, next generation network and service infrastructures, robotic systems and electronic components.
In addition, over €400 million will be used to fund initiatives looks at how IT can be used in response to issues like the creation of a low carbon society and sustainable factories.
Recently, the Economist Intelligence Unit ranked the UK's digital economy as the 14th best across the globe, which is a fall of one place on the position it held last year.
"This European package will contribute to new and better products and services, a more competitive and greener Europe, and a better society with a higher quality of life," she commented.
Around €600 million of the funding will be allocated to IT projects which cover areas such as digital content technologies, next generation network and service infrastructures, robotic systems and electronic components.
In addition, over €400 million will be used to fund initiatives looks at how IT can be used in response to issues like the creation of a low carbon society and sustainable factories.
Recently, the Economist Intelligence Unit ranked the UK's digital economy as the 14th best across the globe, which is a fall of one place on the position it held last year.
