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<p>In the event of a no deal, the Government underwrite will cover the payment of
awards to UK beneficiaries for all successful bids to Horizon 2020, including the
European Research Council, for the lifetime of projects.</p><p><del class="ministerial">Further
guidance on how the underwrite will work in practice will be published in due course.</del></p><p><ins
class="ministerial">This includes Horizon 2020 grants that have been transferred to
the UK before the date of EU exit. We will seek to publish further guidance in due
course on how the underwrite will apply to Horizon 2020 grantees based outside of
the UK that are planning to move their research base to the UK.</ins></p>
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