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1.—(1) Aid granted in respect of an outstanding amount of a specified EU project is not prohibited under Article 107(1) of the TFEU and is exempt from the notification requirement in Article 108(3) of the TFEU.
(2) A specified EU project is a project that—
(a)bid for funding before exit day under—
(i)the Horizon 2020 programme or the FP7 programme;
(ii)the Connecting Europe Facility;
(iii)the Employment and Social Innovation programme;
(iv)the Euratom research and training programme;
(v)the Creative Europe Programme;
(vi)the Research Programme for the Research Fund for Coal and Steel; or
(vii)the Programme for the Environment and Climate Action or the LIFE+ Programme; and
(b)was selected before, on or after exit day to receive funding under the relevant programme or facility.
(3) The outstanding amount of a specified EU project is the difference between the amount of funding the project—
(a)is selected to receive under the relevant programme or facility; and
(b)had received under the relevant programme or facility as at exit day.
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