How the UK still benefits from EU funds

A centrepiece of today’s UK-EU summit is a new defence and security pact that will allow British defence manufacturers to bid for contracts from the €150 billion (£126 billion) Security Action for Europe fund.

As part of this “reset” with the EU, Keir Starmer is thought to have made “significant concessions” on European fishing rights in British waters, said The Times. Even so, not everyone was so keen to let the UK in, with France, in particular, “pressing hard” for a “Europe-first policy” on defence contracts, one diplomat told the newspaper. The debate over how much access British companies should have to EU funds is part of the delicate ongoing process of defining the UK’s relationship to Europe in the aftermath of Brexit.

What EU funding does the UK still get?