Already in 2021, € 1.6 billion of this amount will be allocated to Member States. In the next two years, 1.2 billion euros will be allocated each, and in 2025 – another billion (in 2018 prices).
Who will be eligible for support?
Funding will be available to Member States for, for example, business support, support for local communities, job creation or the reintegration of EU citizens.
The reserve will be able to cover expenditure incurred between 1 January 2020 and 31 December 2023.
How will the funds be distributed?
In order to calculate the amount of money to be allocated to each Member State, the Member State’s trade with the United Kingdom, the Member State’s fisheries in the United Kingdom’s exclusive economic zone and the population of the coastal areas bordering the United Kingdom were taken into account.
Ireland will be the biggest beneficiary in absolute terms (around € 1 billion), followed by the Netherlands (around € 810 million), France (around € 670 million), Germany (around € 590 million) and Belgium (around € 350 million).
Latvia will receive 10,005,002 euros from this amount.
Indicative breakdown by country