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08/18/2016
UK guarantees funding for British participants in Horizon 2020

18 August 2016 - In a statement on 13 August 2016, British Chancellor Philip Hammond has reassured that British entities participating in EU projects will continue to receive financing already granted, even after the UK leaves the EU.

The guarantees promised by the HM Treasury apply to projects of the European Structural and Investment Funds signed before this year‘s Autumn Statement and to EU programmes where participants bid directly to the European Commission. The latter include projects within the EU Framework Programme for Research and Innovation Horizon 2020 which start before the UK leaves the EU. British coordinators and partners in Horizon 2020 projects with Grant Agreements signed before the UK leaves the EU will thus receive funding for their project costs by the British government if no EU funding is granted anymore.

The statement encourages British organisations to bid for European funding while the UK is still a member state. Details about the guarantees shall be made public in the Treasury’s upcoming Autumn Statement on growth and government finances.

The European Heads of State or Government, as well as the Presidents of the European Council and the European Commission had declared in a statement on 29 June that until the UK leaves the EU, EU law continues to apply to and within the UK. This includes the eligibility of UK organisations in Horizon 2020.

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