EU funding aimed at reducing economic disparities between regions is at risk because of the lack of match funding which formerly came from Regional Development Agencies.

The European Regional Development Fund (ERDF) is a valued source of money for large regeneration and small business development schemes alike. It has supported many modest projects to boost enterprise or support small businesses as well a major schemes including the Eden Project in Cornwall, the Kings Dock redevelopment in Liverpool and the Sage concert hall and Baltic art gallery in Gateshead.

Read more on MPs WARN EU FUNDING AT RISK WITH ABOLITION OF REGIONAL DEVELOPMENT AGENCIES…