The Commission has approved pre-financing of €2 billion for 12 member states

The Commission has agreed to disburse more than €2 billion from the Brexit Amendment Reserve to a group of 12 member states. Under this decision, a total of 819.2 million euros will be disbursed by the end of March 2022 and the balance will be made available by April 2023. These funds will help save member states to mitigate the negative effects of Brexit on their economies and regions by supporting regions and economic sectors, and small enterprises and medium-sized jobs, as well as job creation and protection, through measures such as underemployment, retraining and training.

M^me Eliza FerreraThe Cohesion and Reform Commissioner said:Britain’s exit from the European Union has had a negative impact on the lives of many citizens of the European Union. The Brexit Amendment Reserve was created and adopted in record time to help member states mitigate the negative economic, social and regional impacts of Brexit. It is now up to Member States to make the best use of available funds to help regions, local communities, citizens and small and medium-sized enterprises, with a view to diversifying activities, preserving employment and ensuring that labor is retrained if necessary.»

The pre-financing tranche under the Brexit Amendment Reserve will be allocated to the following member states:

Member states will be able to use the funds until December 31, 2023 to cover expenses incurred and incurred since 1^Verse January 2020.

next steps

The Commission is ready to address decisions regarding the Brexit Amendment Reserve for the rest of the Member States, in order to ensure that they can benefit from support under the Reserve, and invites those Member States to notify it without delay of the information referred to in Article 14(1)(d) From the Brexit Amendment Reserve List.

Context

All member states feel the impact of Brexit, but in different ways, with some member states, regions, sectors or local communities being affected more than others. The Brexit adjustment reserve, amounting to 5.4 billion euros, was to put To support all Member States with priority given to the most affected. The financial contribution granted to a Member State under the Reserve will be carried out under joint management. It is not conditioned by programming or prior planning of actions and allows a certain flexibility in implementation, consistent with the principle of dependency. The regulation for the creation of the reserve entered into force on October 6, 2021.

Ireland and Italy were the first member states to receive funds, in December 2021, from the Brexit Settlement Reserve. By the end of March 2022, 14 member states will have received the first tranche of pre-financing.

To find out more

Learn more about the Brexit adjustment reserve

Regulations for the Creation of the Brexit Amendment Reserve Reserve