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EU Millions Benefit Cumbria - Farron

March 23, 2016 11:36 AM

Analysis by the Stronger In campaign shows that Cumbria benefits from millions of pounds of EU investment, which further proves the benefits of EU membership according to South Lakes MP Tim Farron.

Under the 2007-2013 European Structural Funds programme, Cumbria received £11million. Cumbria's allocation is set to increase to £73.3million under the 2014-2020 programme.

These funds are designed to support regional development and promote economic growth. As part of the 2007-2013 programme, the EU contributed £13million to help roll out superfast broadband in Cumbria, which saw 2800 SMEs connected with download speeds up to 30 Mbps. The EU also provided Cumbria Tourism with a grant of £2.4million to promote Regional Culture and Heritage Marketing.

For the 2014-2020 programme, the funds have been allocated to Local Enterprise Partnerships which will decide how the funds are spent locally.

Tim said: "The UK benefits hugely from being part of the largest single market in the world - this helps to create jobs, increase investment and give us lower prices.

"What these figures show is that the benefits of being in Europe are not just about increased jobs and trade, but also come from the direct funding we receive. Here in Cumbria, EU funds have been used to promote tourism and support local businesses, including by funding the rollout of high-speed broadband.

"The UK is stronger in Europe. Brexit would lead to prolonged uncertainty over future trade and investment, and would put jobs at risk."