Brexit could see UK’s poorest regions lose almost £9bn in crucial funding

“The twelve regions which received the most EU funding in 2014 are as follows:
London, £601 million
Cornwall and the Isles of Scilly, £476 million
North Eastern, £433 million
Northern Ireland, £414 million
Greater Manchester, £334 million
Leeds City region, £314 million
Lancashire receives £214 million
Greater Birmingham and Solihull, £205 million
Derby, Derbyshire and Nottingham, Nottinghamshire receives £197 million
Liverpool, £178 million
Sheffield City region, £167 million
Tees Valley, £163 million
The findings closely mirror recent JRF research, which found that 10 of the 12 UK’s struggling cities are located in the so-called “Northern Powerhouse” and outside “Core Cities”.

Helen Barnard, head of analysis at JRF, said: “The referendum campaign and its aftermath has exposed the extent to which people in the poorest places feel shut out from the benefits of the country’s prosperity. These figures show the challenge in ensuring they do not fall further behind from lost EU funding after 2020.

“We urge the government to ensure allocated funding is not lost, but that it also has a long-term plan in place to improve living standards in struggling areas.

“This means working with town halls, LEPs and businesses to create more and better jobs across the country. Otherwise important initiatives like the Northern Powerhouse risk withering after Brexit.”

She added: “Brexit must be used to ensure we create an economy where prosperity is shared by all and no area is left behind.

“This means supporting the Northern Powerhouse and the core cities, but also the overlooked towns beyond them, which often miss out and need to see real improvements over the next few years.”

Britain Isn't Eating

The UK’s poorest regions are set to lose almost £9bn in crucial EU grants after Brexit, leading think tank warns.

Source: Brexit could see UK’s poorest regions lose almost £9bn in crucial funding

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