Regulation (EU) 2021/1755 establishing the Brexit Adjustment Reserve

Ce que fait l'acte

to establish the Brexit adjustment reserve to strengthen economic, social and territorial cohesion and show tangible solidarity with Member States, regions and sectors most affected by the withdrawal of the United Kingdom from the EU. PROPOSED ACT: Regulation of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: the United Kingdom left the European Union on 1 February 2020. Even with the new EU-UK Trade and Cooperation Agreement in place, there will be big changes at the end of the transition period on 1 January 2021. On that date, the UK will leave the EU Single Market and Customs Union, as well as all EU policies and international agreements. It will put an end to the free movement of persons, goods, services and capital with the EU. The Committee on Regional Development adopted the report by Pascal ARIMONT (EPP, BE) on the proposal for a regulation of the European Parliament and of the Council establishing the Brexit Adjustment Reserve. The committee recommended that the European Parliament's position adopted at first reading under the ordinary legislative procedure be amended as follows: Members specified that the Brexit adjustment reserve should provide support to counter the adverse economic, environmental, social and territorial consequences of the withdrawal of the United Kingdom from the Union in Member States, including their regions and local communities, as well as economic sectors, in particular those that are most adversely affected by that withdrawal, and to mitigate the related negative impact on the economic, social and territorial cohesion. The eligibility period would cover investments made from 1 July 2019 to 31 December 2023 . The maximum resources for the reserve will amount to EUR 5 billion at 2018 prices. Members proposed that a pre-financing amount of EUR 4 billion be made available and paid in two instalments, namely EUR 2 billion in 2021 and EUR 2 billion in 2022 . An additional EUR 1 billion would be made available in 2025 on the basis of expenditure reported to the European Commission, taking into account the pre-financing. Each Member State could use up to 2.5% of its allocation from the reserve for technical assistance to help local, regional and national authorities manage, monitor and control the implementation of the measures taken. According to Members, the financial contribution from the reserve should support public expenditure directly related to the following measures: - measures to support public and private enterprises, in particular SMEs , self-employed people and local communities and organisations hard hit by the withdrawal, in order to overcome the administrative burden and increased operational costs; - measures to support regional and local organisations and communities, in particular the artisanal fishing sector, which depend on fishing activities in UK waters, in the waters of its special status territories and in waters covered by fisheries agreements with coastal states where fishing opportunities for EU fleets have…