COMMISSION APPROVES ADDITIONAL FUNDING FOR MEMBER STATES
The Commission has approved the disbursement of more than €2 billion under the Brexit Adjustment Reserve to a group of 12 Member States, which will make available a total of €819.2 million by the end of March 2022 and the rest by April 2023. The funding will aim to help the Member States in mitigating the adverse impact of Brexit through support to regions and economic sectors, small and medium sized companies as well as job creation and protection, such as short-time work schemes, re-skilling, and training.
The pre-financing instalment under the Brexit Adjustment Reserve will be allocated to Belgium, Estonia, Spain, France, Croatia, Latvia, Malta, Netherlands, Austria, Portugal, Romania and Sweden. The Member States may use the funding until 31 December 2023 to cover expenses incurred and paid since 1 January 2020.
Source: European Commission