CPMR analysis: UK to miss out on €13bn EU regional funding after Brexit

//CPMR analysis: UK to miss out on €13bn EU regional funding after Brexit

The Conference of Peripheral Maritime Regions (CPMR) has launched an analysis on the Cohesion Policy Funds that the UK regions would be entitled to, if it were not for Brexit. The revised research follows a prior analysis from January 2019, and it has been updated with statistical data released throughout 2019 by EUROSTAT.

According to CPMR analysis, if the UK remained in the European Union, it would be entitled to well over 13 billion euros of regional development funding under Cohesion Policy for the 2021-2027 period. This estimate represents a significant increase compared to the UK allocation for the current period 2014-2020 (€10.6bn).
Additional findings showcase that regional disparities in the UK are increasing, with many areas falling behind the EU average in terms of regional prosperity. Regarding the funding share for “less developed regions”, the CPMR forecasts an increase of 2.3 billion euro since the last programming period, rising to €4.7bn for 2021-2027.
The UK would also be entitled to an additional allocation under European Territorial Cooperation (ETC). The UK allocation for ETC for 2014 – 2020 is € 858 million. The CPMR forecasts that the UK would be entitled to EUR 698 million for 2021 – 2027 for European Territorial Cooperation.

The CPMR analysis was presented in Brussels together with the Welsh Government and the Cornwall Council, both CPMR members. With the EU summit on Brexit just around the corner, this provides a benchmark that will help them secure a concrete commitment on investments from the UK Government. For extended information about the methodology applied, read the CPMR analysis ‘UK entitled to over €13bn regional funding if it remains in the EU’.

Note to editors:

  • The CPMR carried out a projection of the theoretical share of European Regional Development Fund and European Social Fund + funding for the United Kingdom for the 2021-2027 period if it remained a member of the European Union.
  • This work is based on the allocation methodology for ERDF and ESF for the post-2020 period published on 29 May 2018 by the European Commission (Annex XXII of the Common Provisions Regulation – CPR).
  • The CPMR is a European organisation representing the interests of 160 regions from 25 countries from the European Union and beyond. The UK Members of the CPMR include the Welsh Government, several local authorities in Scotland, and Cornwall Council and Southend-on-Sea Borough Council in England. It carried out this exercise in the context of the uncertainty of Brexit, and it forms part of a broader body of work carried out by the CPMR on Cohesion Policy funding mechanisms to understand the impact of the negotiations for the benefits of its Members.
  • The CPMR projections for a UK theoretical allocation for Cohesion Policy funding are very much in line with those recently published by the European Policies Research Centre

Read the CPMR analysis to learn more.

2019-10-16T14:52:04+00:00