The Chief Secretary to the Treasury David Gauke, in a letter to David Davis, the Secretary of State for Exiting the European Union, has said:
“The Commission have made it clear that the referendum result changes nothing about eligibility for these funds. UK businesses and universities should continue to bid for competitive EU funds while we remain a member of the EU and we will work with the Commission to ensure payment when funds are awarded. The Treasury will underwrite the payment of such awards, even when specific projects continue beyond the UK’s departure from the EU. The UK will continue to be a world leader in international research and innovation collaboration, and we expect to ensure that close collaboration between the UK and the EU in science continues.”
Jo Johnson MP, Minister of State for Universities, Science, Research and Innovation has also confirmed the Government’s continued support for Horizon 2020 projects in a letter to Professor Madeleine Atkins, Chief Executive of HEFCE.