Traditional industrial areas of the UK could lose European aid under the government's submission to the European Co...
Traditional industrial areas of the UK could lose European aid under the government's submission to the European Commission, the Financial Times reports (October 9, p4).
The UK government's Objective 2 submission, due to be published on Monday applies for aid for many parts of the South, including Brighton, Southend, Portsmouth, Weymouth and Bristol, according to Wayne David, Labour MEP for South Wales and vice chairman of the European Parliament's regional policy committee.
The map of Objective 2 areas to take effect from January, will cover 15% of the EC population. But Mr David says member states' submissions total 22% and the new areas could receive assistance at the expense of older areas of industrial decline which still need help, the FT reports.