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<p>The Government recognises the importance of ensuring regions and organisations
have stability and certainty in the period leading up to our departure from the European
Union. At the same time, we are keen to use the opportunities that departure presents
to set our own priorities. The Chancellor has announced that the Treasury will guarantee
structural fund bids which are signed before the UK leaves the EU. This includes funding
for projects agreed after the Autumn Statement, if they represent good value for money,
and if they are in line with the government’s strategic priorities, even if these
projects continue beyond the UK’s departure from the EU.</p><p>Leaving the EU means
we will want to take our own decisions about how to deliver the policy objectives
previously targeted by EU funding. Over the coming months, the government will consult
closely with stakeholders to review all EU funding schemes in the round, to ensure
that any ongoing funding commitments best serve the UK‘s national interest, while
ensuring appropriate certainty.</p>
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