This Reserve is intended to provide support to the Member States, regions and sectors most affected by the adverse consequences of the United Kingdom’s withdrawal from the Union; and in particular it will contribute to the specific measures established by the Member States to help the businesses and economic sectors, workers, regions and local communities impacted by the end of the transition period.
Specifically, the financial contribution of the Reserve will only support public spending directly related to measures expressly adopted by Member States to accomplish the objectives established in the corresponding regulation, and may cover, in particular, the following:
The maximum amount available for the Reserve will be €5 billion (at 2018 prices), which will be provisionally allocated in advance among the Member States.
80% of the total amount (€4 billion) will be disbursed in the form of pre-financing: €1.6 billion in 2021, €1.2 billion in April 2022 and EUR 1.2 billion in April 2023.
The remaining 1 billion will be available in 2025, and how it will be allocated will depend on how the funding has been spent in previous years and taking into account any unused amounts.