Barry Andrews MEP (Fianna Fáil, Renew Europe) has welcomed the announcement from the European Commission to adopt the decision to allocate funding from the Brexit Adjustment Reserve to Ireland, in the amount of €920.4 million.
MEP Andrews noted ‘the Brexit Adjustment Reserve is a crucial financial instrument for Ireland and I am pleased that the Commission will disburse the first instalment of the pre-financing of €361.5 million for 2021 to Ireland by the end of the current year’. ‘This financial support is crucial for managing the impact of Brexit and given the disproportionate impact of Brexit on key sectors in Ireland it is appropriate and timely that Ireland is the first EU member state to receive its pre-financing’.
‘This funding will support Ireland’s economy in managing the impact of Brexit and will provide vital support to the border areas who have been impacted most by the Brexit process focussing on the protection and creation of jobs, enhancing businesses and protecting local communities.’
