What is the Brexit Adjustment Reserve (BAR)?
The Brexit Adjustment Reserve provides financial support to EU member states, regions and sectors affected by the adverse effects of the UK's withdrawal from the European Union (Brexit). The aim of the BAR is to mitigate the impact of Brexit on economic, social and territorial cohesion.
Why is the BAR necessary?
Brexit ended the free movement of people, goods, services and capital between the EU and the UK. The EU and the UK are now two separate markets. This creates barriers to trade in goods and services and to cross-border mobility and exchanges, affecting governments, businesses, citizens and stakeholders on both sides.
Brexit has a huge economic impact on Flanders. Along with Ireland, the Netherlands and France, Flanders is among the most affected regions within the European Union. To mitigate the impact of Brexit within Flanders as much as possible, the Flemish Government, in cooperation with the European Union, is launching this call for BAR grants for affected companies, organizations and public bodies.
BAR funds provide financial support for projects and measures aimed at mitigating the impact of Brexit.
For more information on the BAR, you can also always visit the European Commission's website: Brexit Adjustment Reserve.