Brexit: Treasury confirms EU funding underwrite
Tuesday, 31 July 2018
Funding from EU programmes guaranteed until the end of 2020.
The Treasury confirmed on 24 July that UK organisations, including universities, that secure funding through EU programmes, from now until the end of 2020, will be guaranteed by the UK government even in a ‘no deal’ Brexit scenario.
In addition, the Treasury will also guarantee funding for UK organisations which successfully bid directly to the European Commission – through projects like Horizon 2020 – until the end of this EU budget period if no deal is agreed.
The guarantees mean 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. Universities UK (UUK) welcomed the news, saying it would give universities confidence to bid for funding while the final agreement continues to be negotiated.
The implementation period agreed in March would see the UK continue to participate in all EU programmes until the end of 2020.
You can read more about the announcements on the gov.uk website.