Business funding

Business funding from EU programmes guaranteed until end of 2020

UK businesses that secure funding through EU programmes – from now until the end of 2020 – will be guaranteed by the government even in a 'no deal' scenario.

The guarantee will reflect this by underwriting the UK’s full allocation for structural and investment fund projects – such as funding secured through the European Regional Development Fund – until the end of 2020.

The Treasury has also guaranteed funding for UK organisations which successfully bid directly to the European Commission – through projects such as Horizon 2020 – until the end of this EU budget period if no deal is agreed.

“We continue to make positive steps towards getting the best possible deal with the EU – one that works for the whole of the UK,” said Philip Hammond, chancellor of the exchequer.

“The guarantee we are making, 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.”

This new guarantee means that successful bids for EU funding until the end of 2020 will receive their full financial allocation and continue to receive funding over a project’s lifetime.

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