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IRELAND TO RECEIVE €920.4 MILLION FOR BREXIT IMPACTS

IRELAND TO RECEIVE €920.4 MILLION FOR BREXIT IMPACTS

The European Commission has adopted the decision to allocate funding from the Brexit Adjustment Reserve to Ireland, for a total of €920.4 million. Ireland is the biggest beneficiary of the Brexit Adjustment Reserve and the first Member State to receive its pre-financing.

This funding will help Ireland's economy in mitigating the impact of Brexit, through support to regions and economic sectors, including on job creation and protection, such as short-time work schemes, re-skilling, and training.

Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “Brexit has had a negative impact on many people's lives. Within the EU, it is the people in Ireland who feel it the most. The EU's Brexit Adjustment Reserve stands for solidarity with those most affected. In moving forward, we don't want to leave anyone behind. The funding that Ireland will receive will contribute to improve living standards, support economic growth in the country and mitigate the negative impacts in local communities.” 

Ireland will receive €361.5 million in 2021, €276.7 million in 2022 and €282.2 million in 2023. The funding can cover expenses since 1 January 2020. 

Italy has also agreed its plan and other member states are currently finalising their plans with the European Commission. See what the fund is worth over the next 3 years in your country.
 

The Reserve will support measures specifically set up in relation to the withdrawal of the UK from the Union. They can include the following:

  • support to economic sectors , business and local communities, and organisations, including small-scale coastal fisheries,  dependent on fishing activities in the UK waters;
  • support to job creation  and protection, including through short-time work schemes, re-skilling and training;
  • measures aimed at the re-integration of Union citizens as well as persons having the right to reside on the territory of the Union who left the United Kingdom, as a result of the withdrawal of the United Kingdom from the Union
  • ensuring the functioning of border, customs, sanitary and phytosanitary and security controls, fisheries control, certification and authorisation regimes
  • measures for communication , information and awareness raising of citizens and businesses about changes to their rights and obligations stemming from the withdrawal of the United Kingdom from the Union.

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