Today the Treasury is confirming that £4.3 billion of funding will be allocated to Departments and the devolved Administrations for the financial year 2019-20 to deliver the HMG guarantee of EU-funded programmes, with a total of around £16.6 billion expected to be allocated over the lifetime of the guarantee.
Leaving the EU on 31 October with a deal which works for the whole of the UK remains the Government’s top priority.
However, the Government are continuing with no-deal preparations to ensure the country is prepared for every eventuality. It is the responsible thing to do and an important part of this process is giving certainty to UK citizens and organisations.
To provide this certainty, and as previously announced in the written statement of 24 July 2018 (HCWS926), the Government have guaranteed certain EU funding. The guarantee covers the following:
the full multiannual financial framework allocation for structural and investment funds over the 2014-20 funding period, with payments to beneficiaries made up to the end of 2023;
the payment of awards where UK organisations—such as charities, businesses and universities—successfully bid directly to the European Commission on a competitive basis while we remain in the EU (e.g. before exit day), for the lifetime of the project;
the payment of awards where UK organisations successfully bid to the European Commission on a competitive basis to participate as a third country after exit, and until the end of 2020, for the lifetime of the project; and
the current level of agricultural funding under CAP pillar 1 until 31 December 2020.
[HCWS1834]