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Chancellor announces support for post-Brexit future

The Chancellor will announce a package of measures to support the next generation, promote economic growth, and prepare for a post-Brexit future.

A package of measures to support the next generation, promote economic growth, and prepare for a post-Brexit future, will be announced by the Chancellor Sajid Javid over the coming days.

Post-Brexit Funding

If the UK leaves the EU without a deal and should the EU cease to fund UK organisations after Brexit, the government has guaranteed funding to organisations in receipt of certain EU programme funding (such as the European Regional Development Fund and Horizon 2020).

Thehe Chancellor recently (28 September 2019) confirmed that the total amount covered by the guarantee would be £4.3bn in 2019/20 and £16.6bn over its lifetime - providing reassurance to charities, businesses and universities amongst others.

 

Channel website: https://www.gov.uk/government/organisations/hm-treasury

Original article link: https://www.gov.uk/government/news/chancellor-announces-support-for-post-brexit-future

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