Brussels approves the sending of first aid from the Brexit compensation fund

This content was published on 06 December 2021 – 13:41

Brussels, Dec 6 (EFE) .- The European Commission approved this Monday the first disbursement of the new community fund to alleviate the effects of Brexit in the European territories most economically linked to the United Kingdom, endowed with 5,400 million euros and from which Spain will receive 249 million euros in the coming years.

The first pre-financing disbursement, of 920 million euros, will be received by Ireland, which will be the European Union country that will take the most money from this fund (1,065 million in total) as it is considered the most economically affected by the British march of the community club.

The European Commission said in a statement that the funding “will help the Irish economy to mitigate the impact of Brexit by supporting regions and economic sectors, including in the creation and protection of employment”, while the European Commissioner for Cohesion and Reforms, Elisa Ferreira, assured that Brussels “does not want to leave anyone behind” after Brexit.

Public authorities and companies affected by the British exit may request compensation for costs incurred directly due to Brexit in activities between January 1, 2020 and December 31, 2023.

The fund, calculated at € 5 billion in 2018 current prices, has been adjusted to € 5.4 billion at current prices.

Spain is the seventh country that will receive the most money out of the Twenty-seven, only surpassed by Ireland (approximately 1,065 million), the Netherlands (810 million), France (672 million), Germany (591 million), Belgium (353 million) and Denmark ( 251 million).

The factors that will determine the money that each economic sector or region obtains will be the importance of trade with the United Kingdom, the value of the fishing catches that were made in the now exclusive zone of the United Kingdom and the population of the maritime regions bordering the United Kingdom. United Kingdom.

The Commission hopes to give the green light to the disbursements of this fund for the rest of the countries, including Spain, in the coming weeks. EFE

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