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<p>It is clearly very early in the negotiations to be discussing specific outcomes.
However, this Government is already taking actions to ensure a smooth transition to
the new arrangements. The Chancellor announced in August 2016 that the Treasury will
underwrite the payments of all successful bids for competitive EU research funding
awards, even when specific projects continue beyond the departure from the EU. This
applies to all UK partner organisations. This gives UK participants and their international
partners confidence that they will have the funding necessary throughout the life
of their Horizon 2020 funded project. Welsh organisations have attracted €66 million
in Horizon 2020 funding between January 2014 and February 2017.</p><p> </p><p>The
Government is committed to ensuring the UK remains a world leader in international
research and innovation. ‘The United Kingdom’s exit from and new partnership with
the European Union’ White Paper set out that the Government would welcome an agreement
to continue to collaborate with our European partners on major science, research,
and technology initiatives and we will approach the upcoming negotiations on this
basis.</p>
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