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EU Grants and Loans

Volume 487: debated on Thursday 5 February 2009

To ask the Secretary of State for Work and Pensions what allocation the UK has received from the European Union Globalisation Fund for the next 12 months; and what allocations of that funding have been made by his Department. (252128)

The European Globalisation Adjustment Fund, or EGF, does not operate through making allocations to member states. It is a contingency fund as such and a member state has to make a specific application for matched funding from the EGF. There is no ring fenced EGF budget: rather, the fund can draw on up to €500 million per year from within the EU budget where there may be underspends or decommitted funds.