The Chancellor has guaranteed structural and investment fund projects in the UK that are signed even after the Autumn Statement. In addition, projects where UK organisations bid directly and competitively for EU funding will be guaranteed by the UK Government if the bids are won before our departure from the EU, regardless of whether or not the projects continue after departure. Funding for other projects will be honoured by the government if they are good value for money and are in line with domestic strategic priorities.
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.