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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 and investment 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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