After March 2019 if there’s no deal
In the event of a no deal Brexit, the UK along with Gibraltar will leave the EU Budget in March 2019. Without further action, this would mean Gibraltar could lose future funding for existing projects under EU programmes. However, the UK Chancellor of the Exchequer has agreed that the UK government will guarantee funding for specific EU projects. This will provide certainty for Gibraltar and participating organisations over the course of our EU exit.
This guarantee covers:
EU Structural Funds that Gibraltar receives as part of the 2014-20 Multiannual Financial Framework allocation – the European Regional Development Fund (ERDF) and the European Social Fund (ESF), and European Territorial Cooperation programmes (a sub-fund of Structural Funds that involves cross-border projects).
The UK government’s guarantee ensures that Gibraltar will continue to receive funding over a project’s lifetime if they successfully bid into EU-funded programmes while the UK remains a member of the EU, and, where access (for example as a third country) is available, before the end of 2020.
Over the coming months the UK government will set out the precise arrangements for the specific programmes outlined in this notice.