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Funding from EU programmes guaranteed until the end of 2020

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Funding from EU programmes guaranteed until the end of 2020

Businesses, universities and local organisations were assured today (24 July 2018) that any funding they secure through EU programmes, from now until the end of 2020, will be guaranteed by the UK government even in a no deal scenario.

The implementation period agreed in March would see the UK continue to participate in all EU programmes until the end of 2020 – providing certainty for British organisations and their European counterparts.

The guarantee announced today (24 July 2018) will reflect this by underwriting the UK’s full allocation for structural and investment fund projects, such as funding secured through the European Regional Development Fund, until the end of 2020.

In addition, the Treasury will also guarantee funding for UK organisations which successfully bid directly to the European Commission – through projects like Horizon 2020 – until the end of this EU budget period if no deal is agreed.

This will give potential applicants continued confidence to bid for funding whatever the outcome of the negotiations, and ensure that UK organisations continue to benefit from funding post-Exit.

The Chancellor of the Exchequer, Philip Hammond said:

We continue to make positive steps towards getting the best possible deal with the EU – one that works for the whole of the UK. The guarantee we are making today however means that, even in the unlikely event of a no-deal, our businesses, universities and local authorities can be confident that they will continue to receive the funding they successfully bid for from any EU programme.

In 2016 the government committed to protect projects that were successful in securing EU funding before exit day. This new guarantee means that successful bids for EU funding until the end of 2020 will receive their full financial allocation and will continue to receive funding over a project’s lifetime.

UK Plan for an Independent Fisheries Policy

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A blueprint for a sustainable and profitable fishing industry that will regenerate coastal communities and support future generations of fishermen has been set out today (04 July 2018).

Outside the EU, the UK will be an independent coastal state and will regain control of our waters and natural resources, as well as the flexibility to negotiate with other countries and ensure stocks are fished sustainably.

The Fisheries White Paper – ‘Sustainable Fisheries for Future Generations’ – charts our course for managing fisheries after Brexit. It outlines how powers to be proposed in the Fisheries Bill, which will be introduced in this session of Parliament, will give the UK full control of its waters and the ability to set fishing opportunities such as quota.

Documents available include:

Consultation Letter

Consultation Document -Sustainable fisheries for future generations

Details at

https://www.gov.uk/government/consultations/fisheries-white-paper-sustainable-fisheries-for-future-generations

In a Press Release, Theresa May said:

As an island nation our fishing industry is the lifeblood of coastal communities around the UK. I have been clear that when we leave the EU we will take back control of our waters, while ensuring we don’t see our fishermen unfairly denied access to other waters.

The plans set out today demonstrate the bright future in store as we build UK fishing industry for future generations by putting the importance of a healthy marine environment at its heart.

Environment Secretary Michael Gove said:

Leaving the EU creates a sea of opportunity for our fishing industry. Outside the Common Fisheries Policy we can take back control of our waters and revitalise our coastal communities. We will be able to put in place our own systems, becoming a world leader in managing our resources while protecting the marine environment.

We will work closely with everyone who has an interest in this important industry to make the most of this historic opportunity.

Details at:

https://www.gov.uk/government/news/government-to-publish-plan-for-an-independent-fisheries-policy

Framework for the UK-EU partnership: Company law

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The UK Government has published a framework document that focuses on the UK’s proposals for a joint approach on company law (accounting and audit).

https://www.gov.uk/government/publications/framework-for-the-uk-eu-partnership-company-law-accounting-and-auditing

The role of company law in the economic partnership

UK and EU markets are deeply interconnected. Accounting and audit frameworks facilitate cross border listing of securities. And companies across borders rely extensively on accounting and audit services provided in other countries. This underpins strong markets and contributes to our joint economic prosperity.

Third country regimes for accounting and audit equivalence and adequacy exist in some
areas.

Existing third country regimes do not guarantee sufficient stability of coverage by the end of the Implementation Period. UK and EU companies and enforcers need early assurance that our accounting and audit standards will be equivalent, especially given our unique starting point and complete convergence on day one of exit.

They also do not provide sufficient stability that equivalence will continue to provided. Companies and enforcers would benefit from greater confidence that equivalence will not be withdrawn without undue notice.

Existing third country regimes do not cover all accounting and audit issues, notably corporate reporting and audit requirements, and audit firm registrations. We would be interested in exploring the mutual benefits of agreeing provisions on these issues.

Framework for the UK-EU partnership Civil judicial cooperation

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The UK Government has published a framework document that explains the UK Government’s vision for the UK-EU partnership Civil judicial cooperation.

https://www.gov.uk/government/publications/framework-for-the-uk-eu-partnership-judicial-civil-cooperation

International civil judicial cooperation rules deliver legal certainty and protect the rights of citizens and businesses. The EU is party to a range of international agreements in this area, and the EU and its Member States, including the UK, have developed that cooperation further.

The UK and EU have each said they want an ambitious future partnership incorporating a close economic relationship and recognising the ties between our citizens. It is in the interests of UK and EU families, consumers and businesses to agree a framework for civil judicial cooperation reflecting the unique nature of that partnership, supporting not only trade but mobility.

The UK wants to build on existing precedents between the EU and third countries for close cooperation in civil judicial matters in establishing this framework. The EU has already signalled that it is willing to consider such deeper cooperation with the UK in family law.

A new, bespoke agreement across the full range of civil judicial cooperation should form part of wider UK-EU discussions on the framework for our future relationship.

Framework for the UK-EU Partnership: Transport

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The UK Government published a framework document that explains the UK Government’s vision for Transport elements of the future UK-EU Partnership.

https://www.gov.uk/government/publications/framework-for-the-uk-eu-partnership-transport

This presentation sets out the UK’s objectives for the relationship on transport, and the principles that should guide our approach to securing an enduring solution in the interests of the UK and EU.

We seek a comprehensive agreement on air transport, providing continuity of services and opportunities, supporting growth and innovation in the future and an enduring solutuon that negates the need for permits, additional documents, and systematic document checks for all road users

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