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The government has announced a number of guarantees for EU funding. These include European structural and investment fund projects signed before the UK leaves the EU, awards made by the European Commission following competitive bid processes, and maintaining the current level of agricultural funding under CAP pillar 1 until 2020.
Beyond these priorities, decisions on the replacement of EU funding will be taken in light of wider UK strategic priorities and other domestic spending decisions. For example, as set out in our manifesto, the government will continue to commit the same cash total in funds for farm support until the end of the parliament, and will create a new UK Shared Prosperity Fund.