EU Grants and Loans

Treasury written question – answered on 6th November 2018.

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Photo of Daniel Zeichner Daniel Zeichner Labour, Cambridge

To ask the Chancellor of the Exchequer, whether the funding allocated by the EU to underwrite successful bids by UK organisations to competitive EU grant programmes, including Horizon2020, will be funded from (a) UKRI’s annual budget allocation or (b) additional funding allocated by his Department in the event that the UK leaves the EU without a deal.

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

If the UK leaves the EU next year without a deal, HM Treasury will make additional funding available to departments to cover projects under the HMG Guarantee, which includes Horizon 2020. Relevant departments will then be responsible for allocating this funding to UK organisations.

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