EU funding beyond Brexit
British businesses and universities have been given certainty over future funding and should continue to bid for competitive EU funds while the UK remains a member of the EU.
The Treasurys commitment ensures that Horizon 2020 grants, or other competitively-awarded funds, will continue to be available to successfully funded organisations post-Brexit.
Chancellor of the Exchequer, Philip Hammond said in a statement: "The UK will continue to have all of the rights, obligations and benefits that membership brings, including receiving European funding, up until the point we leave the EU.
"We recognise that many organisations across the UK which are in receipt of EU funding, or expect to start receiving funding, want reassurance about the flow of funding they will receive.
"That is why I am confirming that structural and investment funds projects signed before the Autumn Statement and Horizon research funding granted before we leave the EU will be guaranteed by the Treasury after we leave."
Deputy Vice-Chancellor: Research and Innovation, Lisa Roberts, says: This announcement is very welcome and it is reassuring to see that Horizon 2020 funding agreed pre exit of the EU will be guaranteed. I hope that this is an encouraging signal to still keep bidding for H2020 funding. Leeds has a strong track record with H2020 awards and we have much to offer international research consortia. If anyone would like any advice and support on European funding please do not hesitate to contact Ben Williams in Research and Innovation Support.
Read the statement in full.Posted in: Brexit