19.09.2018 Views

24 Reasons to Remain

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

18) Structural and Investment Funds<br />

S&I funds are grants that promote economic development<br />

and social cohesion aimed at reducing disparities between<br />

regions (the ERDF) and assist job creation (ESF). Funds for<br />

supporting structural adjustment in fisheries (EMFF) and<br />

agriculture (EARDF) are covered elsewhere.<br />

The UK will receive €5.8 billion from the European Regional Development<br />

Fund and €4.9bn from the European Social Fund over<br />

the current 2014-20 programme. Its priorities are technological<br />

innovation, access <strong>to</strong> ICT (eg 5G wireless), small business competitiveness,<br />

and shift <strong>to</strong> a low-carbon economy. The allocation of<br />

funds between projects is a devolved matter but for the 2014-20<br />

programme, the UK government re-assigned monies destined from<br />

the EU for England <strong>to</strong> its sister nations – Liverpool and Sheffield<br />

councils unsuccessfully challenged this in court. These cities are in<br />

‘transition’ regions whose GDP per capita is between 75% & 90% of<br />

the EU average – Northern Ireland and the Highlands & Islands of

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!