On October 3rd 2016, The Chancellor of the Exchequer Philip Hammond made an announcement on EU funding, and the Brexit implications on UK partners’ EU funding eligibility.
This announcement extends the earlier commitment that all EU funding contracted before the Autumn Budget Statement would be guaranteed. The UK government has now commented further. If a project is contracted whilst the UK remains in the EU, project partners from the UK will have their full funding guaranteed. The Chancellor also confirmed that the government will guarantee EU funding for structural and investment fund projects (ERDF, ESF, EAFRD, EMFF, LEADER, Interreg) including agri-environment schemes signed after the Autumn Statement and which continue after we have left the EU.
The Chancellor was clear that, whilst the UK is still a member of the EU, British businesses, farmers and other organisations are entitled to apply for EU funds.
Moreover, funding for projects will be honoured by the government, if they meet the following conditions:
- they are good value for money
- they are in line with domestic strategic priorities (a new condition which must be taken into account)
These conditions will be applied in such a way that the current pipeline of committed projects is not disrupted, including agri-environment schemes due to begin this January.
Where the devolved administrations sign up to structural and investment fund projects under their current EU budget allocation prior to Brexit, the government will ensure they are funded to meet these commitments.
The latest assurances include:
- all structural and investment fund projects, including agri-environment schemes, signed before the Autumn Statement will be fully funded, even when these projects continue beyond the UK’s departure from the EU
- all direct competitively bid projects directly with the European Commission, for example universities participating in Horizon 2020
- the current level of agricultural funding under CAP pillar 1 will be upheld until 2020 as part of the transition to new domestic arrangements
More than ever, it is time to consider all the various European funding opportunities Essex organisations are eligible for and make the most of it. If you want to find the most suitable EU funding programme for your project, please visit our EU funding Knowledge Hub to assist your search and please do not hesitate to contact the Funding and Investment team if you have any further questions.