Paul Flynn – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Paul Flynn on 2016-10-07.

To ask Mr Chancellor of the Exchequer, whether any increase in Welsh Government funding will come through the existing Barnett formula following the UK vote to leave the EU.

Mr David Gauke

The UK Government will guarantee EU funding for structural and investment fund projects in Wales, including agri-environment schemes, signed before we leave the EU. It will be for the Welsh Government to make an assessment of which projects should be pursued in areas of its competence, and this guarantee will apply to any such projects. The agricultural sector in Wales will receive the same level of funding that it would have received under Pillar 1 of CAP until the end of the Multi-Annual Financial Framework in 2020.

As a result of these steps taken by the UK Government, individuals and organisations in receipt of EU funds now have a greater degree of certainty about funding over the coming years. The UK Government will work with the Welsh Government to consider future funding arrangements for once the UK has left the EU.