The Communication from the Commision 'ERASMUS FOR ALL: Programme for Education, Training, Youth and Sport' has been published on the DG EAC website.
The European Commission is proposing a new programme to address new challenges and would allocate € 19.5 billion (+70%) over seven years. The increase underlines the priority given to investing in knowledge and skills to support job creation and growth in Europe. The programme would ensure that more people benefit from EU grants to study and train abroad; it would also promote cooperation between governments, educational institutions, businesses and other partners, to support the policy reforms needed to modernise education systems and promote innovation, entrepreneurship and employability.
You can download the proposal on the following website link: http://ec.europa.eu/education/erasmus-for-all/doc/com_en.pdf