"Rejoining could restore UK access to billions of pounds in funding from bodies such as the European Regional Development Fund (ERDF) and European Social Fund Plus (ESF+), Rejoin EU says. Gorton & Denton candidate Joseph O'Meachair told the Tameside Reporter local newspaper that, if Brexit was reversed, he would seek access to regional-development funding to support local housing and urban-regeneration schemes, adding that the constituency could serve as a pilot area for this approach."
"The EU's ERDF and ESF, now known as ESF+, reportedly poured more than £9bn into infrastructure and community-development and social-inclusion projects across the UK between 2014-2020. However, the funding ended in 2023 following Brexit and such schemes have suffered as ministers have struggled to replace it, despite pledging to do so. The UK lost access to billions of pounds in regional-development funding when it left the EU, despite government promises to plug the gap."
Rejoining the EU could restore access to ERDF and ESF+ regional-development funding for UK housing, urban-regeneration and youth-development projects. A Gorton & Denton plan proposes seeking regional-development funding to support local housing and urban-regeneration schemes and to pilot the approach in the constituency. Proposals include using European social-funding mechanisms to finance community-cohesion and youth-development projects aimed at addressing local anti-social behaviour. ERDF and ESF+ invested more than £9bn in UK infrastructure, community-development and social-inclusion projects between 2014 and 2020. That funding ended in 2023 and replacement schemes have struggled to fill the gap.
Read at London Business News | Londonlovesbusiness.com
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