North East lost regeneration and jobs funding after Brexit, analysis finds
By
Luke Walton
7d ago· 2 min readenNews
Summary
New analysis by Dr Nick Gray of Teesside University reveals that the North East of England experienced a significant loss of funding for regeneration, jobs, and training after Brexit. The replacement of EU structural funding with the UK-led Shared Prosperity Fund (UKSPF) led to a notable decline in available support. EU funds had previously financed key projects such as Gateshead's Millennium Bridge, Redcar seafront improvements, and broadband cabling in Cumbria. The Ministry of Housing, Communities and Local Government responded that it is working to address regional inequalities.
Source
bskyNorth East lost regeneration and jobs funding after Brexit, analysis findsbbc.co.ukKey quotes
· 4 pulledThe North lost funding to support regeneration, jobs and training after Brexit, according to new analysis.
Dr Nick Gray, of Teesside University, said the replacement of European Union structural funding with the UK-led Shared Prosperity Fund (UKSPF) after the UK left the EU, led to a 'significant fall' in the support available.
EU cash helped pay for key projects including Gateshead's Millennium Bridge, improvements to Redcar seafront and support for broadband cabling in Cumbria.
The Ministry of Housing, Communities and Local Government said it was 'fixing regional inequalities by providing long-'
New analysis finds the North lost funding for regeneration, jobs and training after quitting the EU.
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