Brexit Adjustment Reserve: Commission approves €920.4 million pre-financing for Ireland
The European Commission has adopted the decision to allocate funding from the Brexit Adjustment Reserve to Ireland, for a total of €920.4 million. Ireland is the biggest beneficiary of the Brexit Adjustment Reserve and the first Member State to receive its pre-financing. This funding will help Ireland's economy in mitigating the impact of Brexit, through support to regions and economic sectors, including on job creation and protection, such as short-time work schemes, re-skilling, and training.
Commissioner for Cohesion and Reforms, Elisa Ferreira, yesterday said:
“Brexit has had a negative impact on many people's lives. Within the EU, it is the people in Ireland who feel it the most. The EU's Brexit Adjustment Reserve stands for solidarity with those most affected. In moving forward, we don't want to leave anyone behind. The funding that Ireland will receive will contribute to improve living standards, support economic growth in the country and mitigate the negative impacts in local communities.”
Ireland will receive €361.5 million in 2021, €276.7 million in 2022 and €282.2 million in 2023. The funding can cover expenses since 1 January 2020.
The Commission will disburse the first instalment of the pre-financing to Ireland by the end of the current year. The Commission expects to adopt Brexit Adjustment Reserve decisions for the other Member States in the coming weeks.
Latest News from
Tonga: EU channels emergency assistance24/01/2022 15:25:00
Following a request for assistance, the EU is channelling aid to Tonga in the aftermath of the volcanic eruption of Hunga Tonga-Hunga Ha'apai and tsunami in the South Pacific.
Speech by President von der Leyen on the occasion of the opening of Kaunas 2022: European Capital of Culture24/01/2022 13:25:00
Speech given recently (21 January 2022) by President von der Leyen on the occasion of the opening of Kaunas 2022: European Capital of Culture.
State aid: Commission approves 2022-2027 regional aid map for France24/01/2022 09:25:00
The European Commission has approved under EU State aid rules the map of France for granting regional aid from 1 January 2022 to 31 December 2027 within the framework of the revised Regional aid Guidelines (‘RAG').
NextGenerationEU: European Commission disburses €271 million in pre-financing to Finland21/01/2022 15:25:00
The European Commission has today disbursed €271 million to Finland in pre-financing, equivalent to 13% of the country's financial allocation under the Recovery and Resilience Facility (RRF).
EU challenges Russian export restrictions on wood at WTO21/01/2022 13:25:00
Today, the EU is requesting consultations with Russia at the World Trade Organization (WTO) concerning export restrictions placed by Russia on wood products.
‘State of the World' Special Address by President von der Leyen at the World Economic Forum, via videoconference21/01/2022 11:33:00
‘State of the World' Special Address given yesterday by President von der Leyen at the World Economic Forum, via videoconference.
Protecting consumers from misleading reviews: 55% of screened websites violate EU law21/01/2022 10:38:00
The European Commission and national consumer protection authorities yesterday released the results of an EU-wide website screening (“sweep”) on online consumer reviews.
Speech by President von der Leyen at the European Women on Boards' Gender Diversity Award21/01/2022 09:25:00
Speech given yesterday by President von der Leyen at the European Women on Boards' Gender Diversity Award.
Speech by Executive Vice-President Vestager on the Digital Services Act20/01/2022 16:33:00
Speech given yesterday by Executive Vice-President Vestager on the Digital Services Act.
European Globalisation Adjustment Fund: €2.8 million to support dismissed workers in the Spanish car industry20/01/2022 15:25:00
Today, the European Commission proposes to support 450 workers who lost their jobs in the car industry in the Spanish region of Catalonia with €2.8 million from the European Globalisation Adjustment Fund for Displaced Workers (EGF).