Joelsnan - I don't think I actually said that the EU could grant funding into any country.
Where projects were identified that supported the ERDF/ESF and Objective 1 funds, they would need to support the EU specified rules to meet the community's agreed priorities. Those rules were set out here:
ec.europa.eu/regional_policy/en/information/legislation/regulations/2007-2013/#erdfregulation
And here:
eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32006R1080&from=EN
Just as an example, between 2007-2013 the Northwest of England was set to receive £521million in ERDF support under the Regional Competitiveness strand of the European Union’s (EU) Structural Funds. In the European policy context this meant The Lisbon Agenda, which was the overarching driving force for the Programme with two broad aims:
1.Generating stronger, sustainable economic growth. Achieving this goal requires a significant increase in emphasis on competitiveness, innovation and knowledge-intensive activities.
2.Creating more and better jobs. A stronger economy will drive higher quality job creation in the EU and policies that promote social inclusion will facilitate faster economic growth by increasing the effective labour pool.
The funds were allocated according to this policy through to the regional development agencies, where you were required to submit a claim for funding that was then managed by the NWDA, so long as the project met the specified criteria.
As a country, the UK was closely involved in defining these policies and processes so far as I'm aware.
I guess we'll soon have to start defining our own regional development policies and funds - I do assume that - whether I like it or not, we will be leaving the EU.
Should we be more open to a wealth tax?



