Adjustment Reserve

09 Jun: Brexit Adjustment Reserve: MEPs want swift disbursement of €5 billion fund

(Source: European Parliament)

Support focused on countries and sectors worst affected by BrexitEligibility period covers investments made from 1 July 2019 to 31 December 2023Banking and financial sectors are excluded from supportSpecific commitment to fisheries and communities dependent on UK waters

Parliament is now ready to negotiate with Council the details of the fund to help EU countries to counter the adverse consequences of the UK’s withdrawal.

Parliament adopted on Wednesday its position regarding the €5 billion Brexit Adjustment Reserve (in 2018 prices – €5.4 billion in current prices). Talks with the Council will start on 9 June and MEPs …