Universities: Finance

HM Treasury written question – answered on 20th September 2017.

Alert me about debates like this

Photo of Stephen Gethins Stephen Gethins Shadow SNP Spokesperson (International Affairs and Europe)

To ask Mr Chancellor of the Exchequer, if he will make an assessment of whether there will be any gap in funding for UK universities during the transition from EU structural and investment funds to the UK Shared Prosperity Fund.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

The Government made a manifesto commitment to use the EU structural and investment fund money returning to the UK after the UK leaves the EU to create a UK Shared Prosperity Fund.

In October 2016 the Chancellor confirmed that HMT would guarantee funding for all multi-year ESIF projects signed ahead of the point at which the UK leaves the EU. Funding will be honoured provided that the relevant government department considers the project to provide good value for money and be in line with domestic strategic priorities.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.