Research Executive Agency
The Research Executive Agency is a funding body created by the European Commission to foster excellence in research and innovation. It manages large parts of the Seventh Framework Programme for Research, Technological Development and Demonstration Activities (FP7). The Agency aims at delivering efficient and effective services to the research community and supporting diverse European Commission services dealing with research and innovation. By establishing close contact with final beneficiaries and providing a high visibility of the European Union, the REA acts as promoter of the European Research Area (ERA). The REA has no policy remit: all research-related policy remains within the relevant European Commission services. As an executive agency, it focuses on management tasks outsourced by the Commission and fosters efficiency when addressing the research community's needs.