To ask Her Majesty’s Government what assessment they have made of the impact of the loss of access to the European Social Fund on the provision of employment support; whether they are planning to replace that provision; and if so, with what.
29 November 2016
The Government has confirmed that it will guarantee EU funding for structural and investment fund projects signed before the UK’s departure from the EU, even when these projects continue after we have left the EU.
As a result, British businesses and other organisations have additional certainty over future funding and should continue to apply for EU funding while the UK remains a member of the EU. There is considerable stability in the ESF programme, with around half of the programme budget (approximately £1.2bn) already committed. The Treasury announcement provides us with a helpful degree of certainty in delivering the programme.
Funding for projects will be honoured by the government, if they meet good value for money and are in line with domestic strategic priorities. In the longer term we will want to consider the future of all programmes that are currently EU funded. Leaving means we will make our own decisions about how to deliver the policy objectives previously targeted by EU funding. Each government department will take responsibility for the allocation of money to projects in line with these conditions and the wider rules on public spending.