The north of England is at risk of losing £300m for regional economic development after Brexit.#
–
Most English regions are set to receive less funding for regional development than they did under David Cameron or Theresa May, despite levelling up being the flagship policy of Boris Johnson’s government.
An analysis by the Northern Powerhouse Partnership, Pace think tank at Teesside University and the Joseph Rowntree Foundation compared funding under the European Regional Development Fund and European Social Fund against a forecast of future spending under the new Levelling Up Fund and UK Shared Prosperity Fund (SPF). The study found that people in the north of England are at risk of losing £300m for regional economic development.
*Levelling down: Most English sub-regions will see development funding cut*
Implied annual allocation of Shared Prosperity Fund and Levelling Up Fund compared to previous EU funding (£ million)
The estimates assume that funding is allocated in a similar manner to the Community Renewal Fund – the pilot phase of the SPF. Devolved nations and Cornwall have their funding protected in cash terms, as promised in the Conservative manifesto and the last spending review.
Wait, so “levelling up” was just an empty catchphrase?
Time to go Mr Johnson. Nothing but an embarrassment.
Oh.
And this was the guy england voted for over corbyn eh
I won’t be complaining if that’s what it takes to bring down Johnson, but things like this should be as big a scandal as the various parties, if not bigger.
During the EU years there was a stream of money coming into the country, limited only by our imagination…. [https://i.imgur.com/GNkqXFB.jpg](https://i.imgur.com/GNkqXFB.jpg)
will the pot be big enough for everyone now?
Knowing the tories, I’m guessing that even though overall there will be much less money than before brexit, they will be funnelling money into tory seats to keep them, but I’m also assuming there is a lot of corruption around that and a lot of it will go to cronies.
9 comments
Chart of the Day – 24 January 2022
The north of England is at risk of losing £300m for regional economic development after Brexit.#
–
Most English regions are set to receive less funding for regional development than they did under David Cameron or Theresa May, despite levelling up being the flagship policy of Boris Johnson’s government.
An analysis by the Northern Powerhouse Partnership, Pace think tank at Teesside University and the Joseph Rowntree Foundation compared funding under the European Regional Development Fund and European Social Fund against a forecast of future spending under the new Levelling Up Fund and UK Shared Prosperity Fund (SPF). The study found that people in the north of England are at risk of losing £300m for regional economic development.
*Levelling down: Most English sub-regions will see development funding cut*
Implied annual allocation of Shared Prosperity Fund and Levelling Up Fund compared to previous EU funding (£ million)
–
>>[Levelling down chart – image](https://pbs.twimg.com/media/FJ37ccsXMAgqaeX.jpg)
–
The [researchers found](https://www.northernpowerhousepartnership.co.uk/wp-content/uploads/2022/01/Regional-Allocation-of-the-Shared-Prosperity-Fund-SPF-Pre-White-Paper-Analysis-FINAL-SIGNED-OFF.pdf) that those communities in greatest need in England will be significantly worse off after Brexit than they were before, with the new funds not compensating for the loss of European funding. Tees Valley (one of the most deprived areas of the UK) is expected to see annual funding cut from £46m to £21m per year, unless Treasury ministers intervene.
The estimates assume that funding is allocated in a similar manner to the Community Renewal Fund – the pilot phase of the SPF. Devolved nations and Cornwall have their funding protected in cash terms, as promised in the Conservative manifesto and the last spending review.
The government is expected to release a delayed white paper on levelling up [in February](https://inews.co.uk/news/politics/levelling-up-white-paper-could-face-further-delay-as-boris-johnson-battles-leadership-crisis-1417085).
By Michael Goodier
But according to Boris, that’s the Labour governments fault..
[I’m shocked, shocked](https://youtu.be/SjbPi00k_ME?t=11)
Wait, so “levelling up” was just an empty catchphrase?
Time to go Mr Johnson. Nothing but an embarrassment.
Oh.
And this was the guy england voted for over corbyn eh
I won’t be complaining if that’s what it takes to bring down Johnson, but things like this should be as big a scandal as the various parties, if not bigger.
During the EU years there was a stream of money coming into the country, limited only by our imagination…. [https://i.imgur.com/GNkqXFB.jpg](https://i.imgur.com/GNkqXFB.jpg)
will the pot be big enough for everyone now?
Knowing the tories, I’m guessing that even though overall there will be much less money than before brexit, they will be funnelling money into tory seats to keep them, but I’m also assuming there is a lot of corruption around that and a lot of it will go to cronies.