Funding from EU Programmes Guaranteed to 2020
30th July 2018
Treasury guarantees funding for EU funded projects to end 2020 goo.gl/6pUcMx
A government press release issued on 24 July, just before the summer recess, assured businesses, universities and local organisations 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 guarantee underwrites the UK’s full allocation for structural and investment fund projects until the end of 2020, such as through the European Regional Development Fund (ERDF). The Treasury is also guaranteeing funding for UK organisations which successfully bid directly to the European Commission until the end of the current EU budget period will continue to receive that funding over the project’s lifetime. Read the full press release here. However, cynics might question how many EU projects are going to welcome UK organisations as potential partners in the current climate and how many bids with UK partners are likely to be successful from here on in...