This report is an output from brainstorming meetings in Brussels and Paris, which took place in 2005. The report is available on the FET web site ftp://ftp.cordis.europa.eu/pub/ist/docs/fet/strat-2.pdf and now formed part of the FP7 FET Open Call �Nano-scale ICT devices and systems� (a FET1 Proactive Initiative) http://cordis.europa.eu/ist/fet/ie-jan07.htm This report lays out a strategic vision for the future of European research in Nanoelectronics and Nanotechnology on a 10-15 year timescale. It highlights the strong impact on future EU economic growth of nanoelectronics and nanotechnologies and the areas likely to benefit from these developments, including materials, medicine, and information technology.