PARLIAMENTARY WRITTEN QUESTION
EU Grants and Loans: Tees Valley (13 September 2016)

To ensure stability and certainty in the period leading up to our departure from the EU, the Chancellor has announced that structural and investment fund projects in the UK that are signed before the Autumn Statement will be guaranteed. In addition, projects where UK organisations bid directly and competitively for EU funding, such as Horizon 2020 funded projects, will be guaranteed by the UK Government if the bids are won before our departure.

Leaving the EU means we will want to take our own decisions about how to deliver the policy objectives previously targeted by EU funding. Over the coming months, we will consult closely with stakeholders to review all EU funding schemes in the round, to ensure that any ongoing funding commitments best serve the UK‘s national interest, while ensuring appropriate investor certainty.