London Daily

Focus on the big picture.
Wednesday, Jul 30, 2025

BVI to still benefit from EU funding despite Brexit - Governor

BVI to still benefit from EU funding despite Brexit - Governor

The British Virgin Islands will continue to benefit from existing projects which are being funded by the European Union, despite the United Kingdom’s exit from the EU last Friday, January 31.

Governor Augustus Jaspert told reporters during a media briefing on Monday, February 3, that discussions involving him, the BVI government, and the UK have resulted in Overseas Territories maintaining EU funding, even after the end of the Brexit transitioning deadline of December 31, 2020.

“The United Kingdom’s Prime Minister guaranteed and actually got it as part of the negotiations with the European Union, that any funding that the EU gives to any territory, including in the BVI where we benefit from the European funding, that funding is guaranteed to keep going,” Governor Jaspert stated.

“One example, the European Union-funded I think €2 million to help fund improvements to our disaster management shelters. That funding will continue, we don’t have any cut off from that, the programme of work is already on the way and those shelters will continue regardless if it goes after that timeline,” he added.


Message of reassurance

Governor Jaspert also reassured the BVI public that all other benefits which existed under the European Union prior to Brexit will continue during the transitioning period which ends at the end of 2020.

He said: “For British passport holders and British Overseas Territories passport holders, the same arrangements apply, and that is an important part of continuity and similarly on trade during this period as well.”

“So, if people are thinking about their travelling to the European Union or they’re working within in the European countries, nothing changes on that front and within that period the UK will be negotiating what is the future partnership approach with the European Union,” the Governor explained.


Lots of opportunities being discussed

He also said that lots of discussions are scheduled to continue between the Overseas Territories and the UK during the transitioning Brexit period which will foster new prospects for the BVI.

“There’s also lots of opportunities for both the United Kingdom and BVI as trade deals or trade arrangements can be opened up across the world and I hope that the BVI will take full advantage of those as well, as part of a plan with the United Kingdom,” Governor Jaspert stated.


Brexit process

June 2020 will make four years since 52 percent of British nationals voted via referendum for the UK to leave the European Union.

After the process to withdraw from the EU had started in March 2017 following the UK’s official announcement, a number of set deadlines to leave the EU were all eventually postponed.

Following the election of UK’s Prime Minister Boris Johnson in December 2019, he had promised that Britain would leave the European Union on January 31, 2020.

Newsletter

Related Articles

0:00
0:00
Close
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
×