If the UK leaves the EU it will no longer receive European Structural Funds. The purpose of these funds is to “invest in job creation and a sustainable and healthy European economy and environment.”. In Scotland, they have played a vital role in reducing disparities between different parts of the country for over 40 years.
The Scottish Government is conducting a consultation to seek views on how any replacement funding vehicle could best meet the needs of our citizens, our businesses and our communities. Whilst we are aware that there is a range of European funds that support communities and activities across Scotland, including rural development and fisheries, this consultation focuses on the policy space that is currently addressed by the European Regional Development Fund and the European Social Fund.
More information is available here