Funding oopportunities in Europe are changing as the Third Framework Progamme comes to an end and the preparation of the Forth Programme nears completion. Following a brief look back at how specific workprogrammes such as Brite-Euram II and ESPRIT were organized under Framework III, details are given of how the 12.3 BECU availabel are expected to be allocated to the various activities of Framework IV. In particular, specific opportunities for materials research are listed in the areas of information technologies and industrial technologies.