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EU Structural Funds: Least Developed Regions — [Siobhain McDonagh in the Chair]

Part of the debate – in Westminster Hall at 2:30 pm on 26th June 2019.

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Photo of Geraint Davies Geraint Davies Labour/Co-operative, Swansea West 2:30 pm, 26th June 2019

In Wales, our wages are 70% of the UK average and we receive something like £440 per person in structural funding. Is my hon. Friend aware that with a new plan, we will lose some of that, and that in the case of a new deal, we will have no money at all? Only today, I was talking to representatives of the Swansea universities who said that they were shedding hundreds of jobs. The background to that is the doubling in size of Swansea University thanks to EU money. We are in a critical place in Wales, with closures at Bridgend, Tata and Airbus because of Brexit, so the structural funding is imperative.