EU Grants and Loans
(asked on 18th October 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether UK projects earmarked for EU funding in 2019-20 under the EU's 2014-2020 budget cycle will continue to receive such funds should the UK formally leave the EU in 2019.
This question was answered on 26th October 2016
The Treasury has provided a guarantee for multi-year funds that may carry over after exit where they meet UK priorities and value for money criteria.
The Treasury has also guaranteed all direct, competitively bid projects between UK organisations and the European Commission signed before we leave the EU, and the current level of direct payments to farmers until 2020.