Paragraph 1 Specified EU projects

(1)

Aid granted in respect of an outstanding amount of a specified EU project is not prohibited under Article 107(1) of the TFEU and is exempt from the notification requirement in Article 108(3) of the TFEU.

(2)

A specified EU project is a project that—

(a)

bid for funding before exit day under—

(i)

the Horizon 2020 programme or the FP7 programme;

(ii)

the Connecting Europe Facility;

(iii)

the Employment and Social Innovation programme;

(iv)

the Euratom research and training programme;

(v)

the Creative Europe Programme;

(vi)

the Research Programme for the Research Fund for Coal and Steel; or

(vii)

the Programme for the Environment and Climate Action or the LIFE+ Programme; and

(b)

was selected before, on or after exit day to receive funding under the relevant programme or facility.

(3)

The outstanding amount of a specified EU project is the difference between the amount of funding the project—

(a)

is selected to receive under the relevant programme or facility; and

(b)

had received under the relevant programme or facility as at exit day.