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EU Funding Guaranteed

Finance Secretary Derek Mackay announced guarantees that all payments of contracts for EU structural funds, CAP Pillar 2/Scottish Rural Development Programme, European Maritime Fisheries Fund and projects funded directly by the EU (e.g. Horizon 2020 and European Territorial Co-operation programmes) that are entered into before the UK leaves the EU will be honoured – even if the payments extend beyond the date of Brexit. Separately the UK Government has provided guarantees for CAP Pillar 1 subsidy schemes, which will be guaranteed until 2020. There are currently no guarantees for projects or proposals that might come forward after the UK leaves the EU.

http://news.gov.scot/news/eu-funds-guaranteed

 

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