Erasmus+ Programme: Finance
The question
To ask the Secretary of State for Education, how will the cost of the Erasmus Scheme in 2027/28 be funded.
Answered by Josh MacAlister
We have agreed terms with the European Commission that represent a fair balance between the UK’s contribution and the benefits the programme offers, which paved the way for UK participation.
We have agreed a 30% discount compared to the default terms in the Trade and Cooperation Agreement, as well as a review of the UK’s participation in the programme ten months after our association, including data concerning demand for funding in the UK. Going forward, any continued UK participation in Erasmus+ under the next Multiannual Financial Framework will be informed by our experience of association in 2027.
Erasmus costs will be funded above the department’s spending review settlement and scored in the usual way at the next fiscal event.
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