Brexit: and Cornwall losing out on £350m: "Unlike UK funding streams, EU funding has been allocated according to need."

As one of the poorest regions in the UK - and as one of the largest recipients of funding from the EU
Mapped: Where in the UK receives most EU funding and how does this compare with the rest of Europe? - Telegraph

 - Cornwall is facing an anxious future:
Futures Forum: Brexit: and Cornwall
Futures Forum: Brexit: and untangling UK and EU fisheries
Futures Forum: Brexit: and guaranteeing funding: 'stability and certainty'
Futures Forum: Brexit: and a weak pound luring tourist spending power to British shops 

The Rural Services Network reports on the latest concerns from Cornwall Council:

Thursday, 25 August 2016 21:22

Cornwall faces £350m Brexit deficit

Written by  Ruralcity Media

• 1 comment

Leaving the European Union will cost one of England's most rural counties £350m, according to estimates published by the local authority.

Cornwall Council estimates that the county and Isles of Scilly could lose out on the funding which would have benefited local communities.

Julian German, the council's cabinet member for economy and culture, said the county faced a massive black hole following the Brexit vote.

"I estimate that Cornwall and the Isles of Scilly could lose out on £350m of funding that would have helped our residents and local businesses," he warned. "The limited guarantee for some schemes leaves Cornwall hundreds of millions of pounds short of what we were promised we would receive by MPs who backed the Brexit campaign."

    See also: Brexit 'has major rural implications'

Funding streams including contracts for EU structural funds and European Maritime Fisheries projects starting after the Autumn Statement were not guaranteed, said Mr German. "This simply isn't good enough," he said.

Mr German said Cornwall Council was supporting a Local Government Association campaign for all EU funds to be honoured.

"EU funding, or its replacement, is vital to support economic regeneration, helping individuals to gain new skills and businesses to create well paid jobs. Unlike UK funding streams, EU funding has been allocated according to need. This is a really important point for Government to remember

"Cornwall Council will keep advocating for resource which is focussed on closing the economic and skills gap between Cornwall and the rest of the UK.

Mr German said the local authority would continue to work hard with our MPs and partners to try and secure the funding that would otherwise be lost.

He added: "Cornwall Council will also be working closely with government to ensure that as many projects as possible are contracted before the Autumn Statement deadline."

Cornwall faces £350m Brexit deficit
Cornwall's EU funding under threat despite government assurances | News | Okehampton Times
Statement from Julian German re EU funding - Cornwall Council

See also:
Cornwall among poorest parts of Europe, despite £1bn of EU funding | Western Morning News
Devon to get share of £2.5billion extra funding from EU | Western Morning News

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