Ireland To Receive €920m For Brexit Impact




The Republic of Ireland is to receive €920m (£782m) from a European Commission fund which is designed to “mitigate the impact of Brexit”.

The Brexit Adjustment Reserve is available to all European Union (EU) member states “while ensuring a strong concentration on those most affected”.

The commission said Ireland is the biggest beneficiary and the first state to benefit.

The reserve has a total budget of €5.4bn (£4.5bn).

The Irish government will receive €361.5m (£307.4m) in 2021, €276.7m (£235.3m) in 2022 and €282.2m (£240m) in 2023.

To read the full article by the BBC, please click here.