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How will Brexit Affect Businesses? Funding & Procurement

At the GBCC, we want to help businesses be as informed as possible about what Brexit could mean for them so that they are in the best possible place to respond and adapt quickly as the final outcome becomes clear.

Below you will find deal and no-deal scenario based advice based on the latest information at the time of publication. For the latest updates on Brexit negotiations and the Brexit timeline click here.


EU Funding and Public Procurement in a No-Deal Scenario

EU Funding in a No-Deal Scenario

This video features Rupi Nandra, Head of International Projects, GBCC and Ian McLaughlin, GBS LEP Growth Hub Manager explaining what will change for businesses on accessing funding in a no-deal scenario and what they can do to prepare.

Public Procurement in a No-Deal Scenario

This video features Nathalie Perera, Associate, Pinsent Masons explaining what would change for businesses on public procurement in a no-deal scenario and what they can do to prepare.


Deal or No-Deal Q&A

Funding

What do we know so far?

The Horizon 2020 initiative is a 7 year EU programme (2014-2020) which provides funding for research and innovation. The EU and the UK have agreed that UK researchers will be able to continue participating for the remainder of the programme. This was included in the financial settlement which forms part of the draft Withdrawal Agreement.  

After the Horizon 2020 funding programme ends, it will be replaced by its successor Horizon Europe which will run from 2021 -2027, with a potential budget of €97.6 billion. The Government has said that it intends to negotiate for participation in the successor programme, but it is important to note that the UK will be treated as a third country for the programme and will have to pay to participate.    

In the event of a “No Deal” Brexit

In the event of a no deal Brexit, the Government has stated that UK organisations may be unable to access funding for Horizon 2020 projects after the UK leaves the EU. However, the Chancellor has committed to guarantee funding for competitively bid for EU projects that have been submitted by UK participants before the UK exits the EU. The  Government expects UK organisations to be able to apply for and participate in bids open to third countries’ participation, but this is still to be negotiated with the EU Commission.

Click here for further information

What do we know so far?

If the Government reaches an agreement with the European Union, then the UK will continue to participate in all European Union programmes until the end of the current EU budget period in 2020.

In the event of a “No Deal” Brexit

In the event of a no deal Brexit, the Treasury has committed to underwrite funding for all UK organisations who have successfully bid for European funding. The guarantee means that your company will receive the full financial allocation over the projects lifetime.

Click here for more information.

What do we know so far?

If the UK Government reaches an agreement with the European Union then UK businesses will still be able to access European funding until the end of the implementation period in 2020. The terms for future UK participation in EU programmes have yet to be outlined.

In the event of a “No Deal” Brexit

In the event of a no deal Brexit, UK businesses will no longer have access to bid for funding from the European Commission.

What do we know so far?

The Government set out in its manifesto that it would look to establish a UK Shared Prosperity Fund (UKSPF) to replace European Structural and Investment Funds (ESIF) once the UK leaves the EU. The European Structural and Investment Funds include the European Regional Development Fund and the European Social Fund. The Government has said that the main objective of the UKSPF would be to tackle inequalities between communities by raising productivity, with a particular focus on deprived areas of the country.

Click here for more information from the UK Parliament.


Business Support

What do we know so far?

The Enterprise Europe Network is a European Union initiative which comes under the Competitiveness of Europe’s businesses (COSME) programme. The current funding for this programme runs until the end of the EU Multinational Financial Framework period in 2020. If the UK reaches an agreement with the EU, then your organisation will continue to be able to access the Enterprise Europe Network until the end of the implementation period in 2020.

There is a possibility that your company may still be able to access the Enterprise Europe Network after 2020 as the UK will take on a Third Country status. In this context the participation in the EEN will be as a Business Cooperation Centre (BCC) but will need to be on a self-financing basis and services delivered may be charged for. Currently they are free of charge to the business. The BCC status only allows for supporting access to the Single Market and not BCC to BCC, e.g. UK (as a third country) to China

In the event of a “No Deal” Brexit

In the event of a no deal Brexit, there is a possibility that your company may still be able to access the Enterprise Europe Network after 2020 as the UK will take on a Third Country status. In this context the participation in the EEN will be as a Business Cooperation Centre (BCC) but will need to be on a self-financing basis and services delivered may be charged for. Currently they are free of charge to the business. The BCC status only allows for supporting access to the Single Market and not BCC to BCC, e.g. UK (as a third country) to China.

 

What do we know so far?

It is not yet clear as to whether EU funded business support programmes will still be available in the long term. This will be subject to the final agreement between the EU and the UK and will most likely differ from programme to programme. This is because the UK may be excluded from or face restrictions for certain EU programmes because of its third country status. It will also depend on whether the UK Government wishes to provide the same level of funding, where necessary. If both sides reach an agreement, then your business will continue to be able to access EU funded business support and university programmes until the end of the current period in 2020. For Growth Hubs, which receive funding from the European Regional Development programme, the UK Government has said that subject to a final negotiated agreement, they will continue to receive the same level of funding until the end of the programme.

In the event of a “No Deal” Brexit

In the event of a no deal Brexit, UK organisations would be unable to access EU funding after exit day. However, the Chancellor has guaranteed that the UK Government would underwrite any EU funded projects agreed under the 2014-2020 programme period. This means that your businesses should still be able to access EU funded business support programmes until at least the end of 2020. This could potentially extend to September 2022 for Growth Hubs which receive funding from the European Regional Development programme.    

Click here for more information.


Who can help?

Brexit Clinics

FREE events giving local businesses an opportunity to speak with guest experts about how key aspects of Brexit might impact their organisation and what they can do to prepare.

View dates

The Brexit Health Check

Your FREE personalised guide to how Brexit may impact your business and recommended steps to take to prepare.

View courses

Gov.uk: Get Ready for Brexit

Government advice & guidance on preparing for Brexit.

Find out more

Brexit Business Readiness Events

Government events taking place across the UK offering advice & guidance on preparing for Brexit.

Find out more

If you would like: more information on how the GBCC can support businesses through Brexit, to provide a case study on your Brexit preparations, to recommend a speaker for a GBCC Brexit event, to request a GBCC speaker on Brexit or to enquire about sponsoring Brexit related research please leave your contact details below: