It follows the political agreement in December on the Cybersecurity Competence Centre and Network, an initiative that aims to improve technology and industrial cybersecurity capacities of the EU and help create a safe online environment. The Competence Centre, which will be located in Bucharest, together with the Network of National Coordination Centres will contribute to strengthening European cybersecurity capacities as well as boosting research excellence and the competitiveness of the Union's industry in this field. It will also manage part of the funding that is dedicated to cybersecurity from the Digital Europe Programme and Horizon Europe, as well as funds contributed by the Member States. The European Cybersecurity Competence Centre and Network is expected to be officially launched in June, subject to formal approval by the European Parliament and the Council of the EU. The Governing Board of the Centre will be composed of representatives from the Member States (27 members), the Commission (two members) and ENISA (one member). The Commission will set up and run the Centre until it can operate independently.