From Collections Link:
The European Commission has announced the latest funding call (call 7) in the ICT Policy Support Programme (ICT PSP), offering up to €125.7m [$166.6 million/USD] in new funding for digital projects across Europe. [Our emphasis] Of this, €36m is allocated to a strand which directly addresses the digital work of museums, archives, libraries and creative media organisations.
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Opportunities are under Strand 2 of this funding call:
Europeana and Creativity
€16m in FundingOpen Data
€8m in FundingICT for Learning
€6m in FundingDigital Content Technologies for a Better Internet for Kids
€3m in FundingeArchiving Services
€3m in Funding
Additional details about the funding program can be found in the Collection Link article as well as this set of materials from the EC.