Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the Erasmus deal with the EU has (a) asymmetric or (b) symmetric early termination payments, payable (i) by the United Kingdom if it terminates early and (ii) by the European Union if they terminate early, and what provisions apply if the cost increases in Year 2 of the agreement once the first-year discount expires.

UK association to Erasmus+ is provided for through technical amendments to Protocol I of the Trade and Cooperation Agreement (TCA), which was agreed in 2020 and provides for UK association to EU Programmes under Part 5.

Section 3 of Part 5 of the TCA outlines the legal mechanism under which the UK’s participation in all EU Programmes, including Erasmus+, would be subject to suspension and/or termination.