Oral Answers to Questions

Jim Cunningham Excerpts

Tuesday 17th January 2017 Commons Chamber

[Mr Speaker]

I was going to call the hon. Member for Coventry South (Mr Cunningham), but he does not seem to be standing—

[Mr Jim Cunningham (Coventry South) (Lab)]

rose—

[Mr Speaker]

Go on, get in there man.

[Mr Cunningham]

15. What provisions has the Chancellor made for universities in this country after 2020? Will he match pound for pound the lack of EU money?

[Mr Hammond]

What we have said is that where EU funding is awarded to projects involving universities, businesses, external research institutes and farmers between now and the point of our departure from the European Union, provided those awards meet our value-for-money criteria and have the support of the UK or devolved Administration Department responsible, the Treasury will underwrite those awards. We expect that in any settlement with the European Union, the Commission will go on paying those awards after we have left, but if it does not we will stand behind them.