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Reforming UK funding and fiscal arrangements after Brexit

July 19, 2017

As the UK Government prepares to leave the European Union (EU), we face a period of considerable uncertainty. Brexit will have an impact on every nation and region of the United Kingdom (UK) and we must consider how the Union will function outside the EU. This includes establishing how the UK’s funding and fiscal arrangements will evolve to meet the new circumstances and challenges, to provide clarity for businesses and communities and, above all, to build confidence for the future. Brexit provides an opportunity to design a new funding mechanism which will guarantee fair and continuing investment where it is needed - in Wales and in the rest of the UK. This should also help clarify important aspects of the UK’s future relationship with EU networks, including continued access to the finance and expertise available from the European Investment Bank (EIB).

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