Actions to take ahead of January 31st
SUMMARY: No changes expected during transition period. Check out BCC’s Business Brexit Checklist for information on possible longer-term changes.
EU Structural and Investment Funding (ESIF) arrangements in the UK would apply until the end of the transition period, which also coincides with the end of the current Multi-Annual Financial Framework (end December 2020).
The UK Government’s plan for the domestic replacement for ESIF from 2021 is the ‘UK Shared Prosperity Fund’. There is no official statement that lays out the operational details of the fund. A report by the House of Commons Library, published in May 2019, stated that the government still needed to decide the most basic features of the ESIF replacement, from scale, priorities and objectives, to how it would be dispersed geographically.