Erasmus+ is the EU funding programme for education, training, youth and sport 2014-2020. Erasmus+ combines previous funding programmes in the sector, including the Lifelong Learning Programme (Comenius, Leonardo, Erasmus, Grundtvig and Transversal Programmes), Youth in Action and five international cooperation programmes (Erasmus Mundus, Tempus, Alfa, Edulink and the programme for cooperation with industrialised countries). This makes it easier for applicants to understand the opportunities available, while other simplifications facilitate access.
Erasmus+ has three main targets: two-thirds of the budget is allocated to learning opportunities abroad for individuals, within the EU and beyond; the remainder supports partnerships between educational institutions, youth organisations, businesses, local and regional authorities and NGOs, as well as reforms to modernise education and training and to promote innovation, entrepreneurship and employability. IKY is the National Agency for Erasmus+ (apart from the Youth Sector). The Youth sector is managed by the Youth and Life Long Learning Foundation.