Approves 2 2 billion pre-financing commission for 12 member states

Approves 2 2 billion pre-financing commission for 12 member states

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

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