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DUNDEE SET TO LOSE HUNDREDS OF MILLIONS IN EU INVESTMENT AFTER BREXIT
17 Oct 2018
A new publicly accessible database has laid bare the financial impact that leaving the EU will have on areas around the UK, with Dundee facing losses to funding.
Figures detailed on the open source MyEU website show that the EU has invested over £122 million in Dundee, including through initiatives such as Erasmus+, the Dundee Employability Pipeline, arts and culture, medical research and more.
The EU invests around £5 billion a year in the UK alone, and the European single market is around eight times bigger than the UK market alone.
Commenting, Shona Robison, MSP for Dundee City East, said:
“As these figures show, Dundee has benefitted hugely from the strong relationship between Scotland and the European Union. The projects listed on the website are just some of the ways in which Dundee has directly benefitted from Europe.
“EU funding has made a huge contribution to infrastructure, culture, and opportunities both locally in Dundee and throughout Scotland. Losing access to this funding source is just the latest example of how Brexit is going to inflict major harm on our economy.
“Scotland faces losing out on billions of pounds of funding with no clarity from the UK government over how this will be replaced.
“Dundee did not vote for Brexit, and Scotland did not vote for Brexit.
“We are being dragged out of the European Union against our will, and Dundee will be hugely damaged because of this. The only solution is to stay in the single market and customs union.”
Last week, the Scottish National Party announced that up to £18 million of EU funding would be used by the Scottish Government to set up an Advanced Manufacturing Fund to help small and medium sized businesses.