EU Grants and Loans

(asked on 23rd February 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of providing funding for organisations that were in receipt of EU funds following the UK's departure from the EU.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 2nd March 2021

Taking into account the financial settlement with the EU, the Government has determined how an additional £14.6 billion of spending by 2024-25 can be allocated to its domestic priorities, rather than be sent in contributions to the EU. This additional spending was included in the overall spending plans that the government set out at Spending Review 2020, which prioritised funding to support the government’s response to Covid-19, invest in the UK’s recovery for all nations and regions and deliver on promises to the British people.

As part of the UK-EU Trade and Cooperation Agreement published on 24 December 2020, the UK has agreed to participate in certain EU programmes for the 2021-2027 Multiannual Financial Framework (MFF) including Horizon Europe, Euratom Research and Training and Copernicus. UK entities will be able to participate and bid for EU funds through these programmes.

In addition, the Withdrawal Agreement provides for continued UK participation in programmes funded under the 2014-2020 MFF until their closure. This means that the vast majority of programmes will continue to receive EU funding across the programme’s lifetime, including where this lasts beyond 2020. UK organisations can also continue to bid for grant funding under the 2014-2020 MFF.

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