Did you know that Ireland has been allocated over €920 million from the Brexit Adjustment Reserve?
Brexit has a negative impact on all Member States, but in different ways. Some Member States, regions, sectors, or local communities are more affected than others. The Brexit Adjustment Reserve (BAR) of €5.4 billion has been put in place to support all Member States while ensuring a strong concentration on those most affected. The financial contribution from the reserve to a Member State will be implemented under shared management. It does not need advanced programming or planning of measures and provides flexibility in the implementation in line with the subsidiarity principle.
The BAR will support measures specifically set up in relation to the withdrawal of the UK from the Union. They can include the following:
Ireland is the biggest beneficiary of the Brexit Adjustment Reserve with a total allocation of €920.4 million. This funding will help Ireland’s economy in mitigating the impact of Brexit, through support to regions and economic sectors, including job creation and protection, such as short-time work schemes, re-skilling, and training.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.