The Commission approved the payment of 2 2 billion to a group of 12 member states from the Brexit Adjustment Reserve. Under this decision, a total of 19 819.2 million will be disbursed by the end of March 2022 and the remaining amount will be available by April 2023. These funds will enable savings member states to mitigate the adverse effects of Brexit on their economies and territories. Supports sectors, economies and small and medium enterprises, creates and protects jobs through measures such as unemployment partial, retraining and training.
MMe Elisa FerreiraThe Cohesion and Reforms Commissioner said:Brexit has adversely affected the lives of many EU citizens. The Brexit Adjustment was created and approved during the Reserve Record to help member states mitigate the negative economic, social and regional repercussions of Brexit. Member States should make the most of the available funds to assist regions, local communities, citizens, small and medium enterprises with the aim of diversifying operations, retaining jobs and retraining workers if necessary.⁇
The pre-financing trench under the Brexit Adjustment Reserve will be extended to the following member states:
Member State |
Annual pre-financing amounts based on provisional contributions to member states, At EUR / current prices (circular) |
||
2021 |
2022 |
2023 |
|
Belgium |
119 986 195 |
91 789 457 |
93 625 219 |
Estonia |
2 053 378 |
1 570 835 |
1 602 251 |
Spain |
84 563 081 |
64 690 770 |
65 984 566 |
France |
228 303 007 |
174 651 835 |
178 144 821 |
Croatia |
2 231 823 |
1 707 345 |
1 741 491 |
Latvia |
3 397 565 |
2 599 138 |
2 651 120 |
Malta |
13 756 900 |
10 524 031 |
10 734 508 |
Netherlands |
275 097 478 |
210 449 612 |
214 658 542 |
Austria |
8 601 197 |
6 579 917 |
6 711 514 |
Portugal |
25 252 296 |
19 318 010 |
19 704 365 |
Romania |
13 396 968 |
10 248 682 |
10 453 653 |
Sweden |
42 657 129 |
32 632 710 |
33 285 355 |
Total |
819 297 017 |
626 726 342 |
639 297 405 |
Member States can use the funds until 31 December 2023 and bear the costs from 1Is January 2020.
Next steps
The Commission is ready to expedite the processing of decisions regarding the Brexit Adjustment Reserve for the remaining member states, ensuring that they benefit from the support under the Reserve and inviting those Member States to inform the referred information without delay. In Article 14 (1) (d) of the Brexit Adjustment Reserve Regulation.
Context
All member states are affected by Brexit, but in different ways, some member states, regions, regions or local communities are more affected than others. The Brexit adjustment reserve was 5.4 billion euros Institution To support all member states by giving priority to the most affected. The financial contribution made to a Member State under the Reserve will be implemented under shared management. It is not conditional on programming or pre-planning of actions, but allows for a certain flexibility in implementing the principle of subsidiaries. Restrictions on the establishment of the Reserve came into force on October 6, 2021.
In December 2021, Ireland and Italy became the first member states to receive funding from the Brexit Adjustment Reserve. By the end of March 2022, 14 member states will have access to the first phase of pre-financing.
To know more
Find out more about the Brexit Adjustment Reserve
Restrictions on the establishment of the Brexit Adjustment Reserve
Prone to fits of apathy. Unable to type with boxing gloves on. Internet advocate. Avid travel enthusiast. Entrepreneur. Music expert.