Gareth Southgate and his men will be eager than most considering the final will be held on home soil at Wembley.
The incentive is there, but its not just success on the pitch which will drive the players or the prospect of lifting the trophy in front of tens of thousands of adoring home supporters.
There is money to be gained from Euro 2020. And the Three Lions could pocket a handsome figure if they were to win the competition.
How much is at stake?
UEFA Euro 2020 will start on the 11th June 2021 and end a month later on the 11th July.
Even with the impacts of the pandemic, and the delay in the tournament, the Euro 2020 prize money has seen a considerable increase since the last tournament in 2016 – a total of 24% to be precise.
With the runners up expected to receive a €7m in total (roughly £6m) and the winners will receive €10m (about £8.6m) for just the final game alone.
Here is the total breakdown of how much England could earn from Euro 2020.
Qualified for Tournament – €9.25 million (All 24 Teams)
Group Stage – €1.5 million (per win) & €750,000 (draw)
Round of 16 – €2 million (16 Teams)
Quarter-Finals – €3.25 million (8 Teams)
Semi-Finals – €5 million (4 teams)
Runner-up – €7 million
Winners – €10 million
Total Prize Money – €456 million
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How much does the winner take home?
UEFA has provided a 371-million-euro prize fund to be shared by all 24 teams at the tournament.
This is roughly £319.3m in British pounds.
Only a fraction of this will be given to the winners.
In total the Three Lions could earn a maximum of 34 million Euros which translates to 29.2 million in pounds – if they were to lift the tournament at the end of the month.
Do you believe England can win the tournament this summer? Leave your comments below.