24 Reasons to Remain
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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