Policy information
The Brexit Adjustment Reserve
From Department of Public Expenditure, NDP Delivery and Reform
Published on
Last updated on
From Department of Public Expenditure, NDP Delivery and Reform
Published on
Last updated on
The European Union’s Brexit Adjustment Reserve Fund, (BAR), provides support to counter the adverse economic, social, territorial and, environmental consequences of the withdrawal of the UK from the European Union.
The Brexit Adjustment Reserve (BAR) entered into force on 11 October 2021. The fund was created to support all Member States but particularly those most affected by Brexit.
Ireland’s BAR allocation is now €802 million, and remains the largest allocation for any Member State.
Ireland received its share of BAR funding in the form of pre-financing - approximately €361.7m for 2021, €276.7m in 2022, and €163.7m in 2023.
The application for BAR funding must set out the negative impacts of the withdrawal of the UK from the European Union and how the measures carried out under the Fund alleviate the adverse consequences.
Projects funded under the BAR include elements of the following:
The United Kingdom’s withdrawal from the Union has resulted in specific risks and changes for the fisheries sector. The BAR regulation recognised this and dedicated an amount of a Member States allocation to mitigate these risks and consequences.
A significant portion of Ireland’s BAR allocation has been earmarked to support local and regional coastal communities, including the fisheries sector, in particular the small-scale coastal fisheries dependent on fishing activities in UK waters or waters where opportunities for Union fleets have been reduced as a result of Brexit.
While the exact composition of Ireland's BAR claim will not be finalised until the claim is submitted in September 2024, the project expenditure related to the fisheries sector planned for inclusion in the BAR claim far exceeds the minimum requirement set out in the regulation.
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