• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • TikTok
  • Twitter
  • YouTube
CDE Almería – Centro de Documentación Europea – Universidad de Almería

CDE Almería - Centro de Documentación Europea - Universidad de Almería

Centro de Documentación Europea de la Universidad de Almería

  • HOME
  • WHAT´S ON
    • EU NEWS
    • Activities
    • EU Calls and Awards
    • Radio Program «Europe with You»
  • DOCUMENTATION
    • Bibliographic Collection
      • Almería EDC Digital Collection
      • UNIVERSITY OF ALMERIA LIBRARY
    • Documentation by topic
    • EU Media Collection
      • Web Space
      • MEDIATHEQUE REPOSITORY
  • Europe on the net
    • Institutions
    • EU Representation in Spain
    • European information network of Andalusia
  • ABOUT US
    • Presentation
    • People
    • Contact
  • Spanish
  • English

Spain to receive €272 million to tackle the negative effects of Brexit

Inicio » EU News » Market » Economy and Finance » Spain to receive €272 million to tackle the negative effects of Brexit

8 de October de 2021

The Council gave its final approval to a fund designed to help member states tackle the negative impact of Brexit.

The fund of five billion euros (in 2018 prices) will support the hardest hit regions, sectors and communities to cover extra costs, compensate losses or counter other adverse economic and social effects resulting directly from the United Kingdom’s withdrawal from the European Union.

The reserve is a special one-off emergency instrument.

It will support public and private businesses facing disruption of trade flows, including new costs for custom checks and administrative procedures. Since the UK’s withdrawal from the EU has created an unprecedented situation, member states will have the flexibility to decide on the best actions to take so as to counter various negative consequences.

In this respect, the setting up of the fund provides for a non-exhaustive list of eligible measures, ranging from support for SMEs, regional and local communities and organisations, including small-scale coastal fisheries dependent on fishing activities in UK waters, as well as measures to support job creation and reintegration in the labour market of returning EU citizens.

The reference period for the Brexit adjustment reserve support is from 1 January 2020 to 31 December 2023.

Allocation

The Council has decided to provisionally share upfront all the resources of the reserve, which in current prices stand at €5.4 billion, taking into account the adverse impact of Brexit on each member state. The method for calculating the provisional allocation is determined by three main factors.

The largest amount of €4.5 billion is shared according to the importance of trade with the UK, €656 million are shared based on the importance of fisheries in the UK’s exclusive economic zone, and €273 million are distributed based on the importance of neighbouring links for the maritime border regions with the UK.

In addition, to allow member states to take rapid action, by far the larger part of the resources, €4.3 billion, will be made available as pre-financing in three annual tranches – in 2021, 2022 and 2023. The remaining resources will be made available in 2025, after a review of the expenditure on eligible measures in the previous years, which will also factor in any unused amounts.

More information

European Council – Press release

Publicaciones relacionadas:

European Commission endorses Spain’s recovery and resilience plan dispensadores gasolinaEurojust supports fight against fuel tax fraud in Germany and 10 other countries CEA Online Activity: Next Generation EU Funds – Getting Ready for this Great Opportunity Macao: EU reports on political and economic developments in 2020 Green light for a more accessible Globalisation Fund

“This is a space for debate. All comments, for or against publication, that are respectful and do not contain expressions that are discriminatory, defamatory or contrary to current legislation will be published”.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Publicaciones relacionadas

European Commission endorses Spain’s recovery and resilience plan dispensadores gasolinaEurojust supports fight against fuel tax fraud in Germany and 10 other countries CEA Online Activity: Next Generation EU Funds – Getting Ready for this Great Opportunity Macao: EU reports on political and economic developments in 2020 Green light for a more accessible Globalisation Fund

Footer

Logotipo en negativo del Centro de Documentación Europea de Almería
  • CDE Almería
  • Edificio Parque Científico-Tecnológico (Pita)
  • Planta: 1ª, Despacho: 2904120.
  • Ctra. Sacramento s/n. Almería (Spain)
  • Teléfono: (+34) 950 015266

HOME
NEWS
DOCUMENTATION
EUROPE ON THE NET
ABOUT US

  • LEGAL NOTICE
  • PRIVACY POLICY
  • COOKIE POLICY
  • ACCESSIBILITY
  • SITEMAP

Copyright © 2023 CDE Almería · Creative Commons LicenseThis work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

<p>El Centro de Documentación Europea de la Universidad de Almería utiliza cookies propias y de terceros para facilitar al usuario la navegación en su página Web y el acceso a los distintos contenidos alojados en la misma. Asimismo, se utilizan cookies analíticas de terceros para medir la interacción de los usuarios con el sitio Web. Pinche el siguiente enlace si desea información sobre el uso de cookies y como deshabilitarlas. </p>

Politica de privacidad

El Centro de Documentación Europea de la Universidad de Almería utiliza cookies propias y de terceros para facilitar al usuario la navegación en su página Web y el acceso a los distintos contenidos alojados en la misma. Asimismo, se utilizan cookies analíticas de terceros para medir la interacción de los usuarios con el sitio Web. Pinche el siguiente enlace si desea información sobre el uso de cookies y como deshabilitarlas. <a href="/politica-de-cookies" rel="noopener" target="_blank">Más información</a>

Cookies estrictamente necesarias

Las cookies estrictamente necesarias tiene que activarse siempre para que podamos guardar tus preferencias de ajustes de cookies.

Básicamente la web no funcionara bien si no las activas.

Estas cookies son:

  • Comprobación de inicio de sesión.
  • Cookies de seguridad.
  • Aceptación/rechazo previo de cookies.

Si desactivas esta cookie no podremos guardar tus preferencias. Esto significa que cada vez que visites esta web tendrás que activar o desactivar las cookies de nuevo.

Cookies de terceros

Esta web utiliza Google Analytics, Google Tag Manager y Yandex Metrika para recopilar información anónima tal como el número de visitantes del sitio, o las páginas más populares.

Dejar estas cookies activas nos permite mejorar nuestra web.

¡Por favor, activa primero las cookies estrictamente necesarias para que podamos guardar tus preferencias!

Política de cookies

Pinche el siguiente enlace si desea información sobre el uso de cookies y como deshabilitarlas. Más información