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UK assured EU funding will be guaranteed until the end of 2020

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This means that successful bids will receive full financial allocation and will continue to receive funding over a project’s lifetime.
13 August 2018 - ERNACT  project
(image source - Interreg Europe)
On 24 July 2018, businesses, universities and local organisations in the United Kingdom were assured that any funding they secure through EU programmes from now until the end of 2020, will be guaranteed by the UK government even in a no deal scenario.

This will give potential applicants continued confidence to bid for funding whatever the outcome of the negotiations, and ensure that UK organisations continue to benefit from funding post-Exit.

The Chancellor of the Exchequer, Philip Hammond said, "We continue to make positive steps towards getting the best possible deal with the EU – one that works for the whole of the UK. The guarantee we are making today however means that, even in the unlikely event of a no-deal, our businesses, universities and local authorities can be confident that they will continue to receive the funding they successfully bid for from any EU programme."

In 2016 the government committed to protect projects that were successful in securing EU funding before exit day. This new guarantee means that successful bids for EU funding until the end of 2020 will receive their full financial allocation and will continue to receive funding over a project’s lifetime.

Source: gov.uk via Interreg Europe




Click here to email  Eilís Mc Fadden at ERNACT for further information

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