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<p>Taking into account the financial settlement with the EU, the Government has determined
how an additional £14.6 billion of spending by 2024-25 can be allocated to its domestic
priorities, rather than be sent in contributions to the EU. This additional spending
was included in the overall spending plans that the government set out at Spending
Review 2020, which prioritised funding to support the government’s response to Covid-19,
invest in the UK’s recovery for all nations and regions and deliver on promises to
the British people.</p><p> </p><p>As part of the UK-EU Trade and Cooperation Agreement
published on 24 December 2020, the UK has agreed to participate in certain EU programmes
for the 2021-2027 Multiannual Financial Framework (MFF) including Horizon Europe,
Euratom Research and Training and Copernicus. UK entities will be able to participate
and bid for EU funds through these programmes.</p><p> </p><p>In addition, the Withdrawal
Agreement provides for continued UK participation in programmes funded under the 2014-2020
MFF until their closure. This means that the vast majority of programmes will continue
to receive EU funding across the programme’s lifetime, including where this lasts
beyond 2020. UK organisations can also continue to bid for grant funding under the
2014-2020 MFF.</p><p><strong> </strong></p>
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