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<p>The HMG guarantee covers successful competitive bids made before the UK leaves
the EU, for the lifetime of the project. This guarantee was extended in July 2018
to cover all EU projects agreed before the end of 2020, where the UK will be eligible
to participate as a third country. If the UK leaves the EU next year without reaching
an overall withdrawal agreement, HM Treasury will make funding available to departments
to cover projects under the guarantee, which includes Horizon 2020. This funding will
be additional to existing departmental budgets. Relevant departments will then be
responsible for allocating this funding to UK organisations.</p>
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