The UK government safeguards funding in a major commitment to maintain the UK’s status as a world leader in science, research and innovation.
- the Treasury will underwrite funding for approved Horizon 2020 projects applied for before the UK leaves the European Union
- the commitment will provide reassurance to applicants from the UK’s research and innovation base when applying for EU research funding
Recognising the importance of science and innovation to society, productivity and economic competitiveness, the government has today provided reassurance to UK participants of the European Union’s Horizon 2020 Programme with a commitment to safeguard funding for research and innovation projects.
As a result, British businesses and universities will have certainty over future funding and should continue to bid for competitive EU funds while the UK remains a member of the EU. The Treasury will underwrite the payment of such awards, even when specific projects continue beyond the UK’s departure from the EU.