
08.03.2017, 10:05
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Forum Veteran | | Join Date: Nov 2012 Location: Zurich
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: |  | | | Eight months after 56.5 per cent of Cornish residents voted Leave, the region received some unwelcome news.
Those who helped to tip the country towards Brexit no doubt did so in the knowledge that £60m of annual EU funding would have to be sacrificed. But the council hoped the government could reassure the region by making up for it in domestic funding.
Instead, in the latest funding round of "growth deal" investment, the Department for Communities and Local Government awarded the region £18m. It is the last round of such funding, and councillors are worried about what the future holds. | | | | | Lol. Lol2. | Quote: |  | | | Cornwall is about to go “off a cliff” because the Government has not given the area enough money to fill the funding black hole that will be created by Brexit, according to one Cornish councillor. The Government has decided to give Cornwall and the Isles of Scilly just £18 million in its latest round of local economy investment funding. But Cornwall is set to lose £60 million of annual funding from the EU – awarded to support the area’s weak economy – after Brexit. | | | | | |