UK to lose €13bn of regional funding post-Brexit, according to analysis

New analysis from the Conference of Peripheral Maritime Regions (CPMR) estimates that the United Kingdom would be entitled to approximately €13 billion of regional development funding for the 2021-2027 period should it stay in the European Union.

The CPMR has published a projection of the share of funding from the EU Cohesion policy for its member regions, including those within the UK.

This projection, based on the European Commission’s allocation methodology for the ERDF and ESF+ funds, shows that the UK regions and nations would be entitled to an increase of 22% for the 2021-2027 period, compared to the allocation of 10.6 billion euros for 2014-2020.

The analysis also shows two East of England regions moving from the ‘most developed’ category to ‘transition’, meaning their GDP has fallen below 90% of the EU average. Essex, Norfolk and Suffolk have seen their GDP average fall to between 75 and 90% of the EU average in the CPMR analysis. If the UK were to remain in the EU, this would mean those areas benefiting from more generous structural funds as compared to now.

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