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EU Grants and Loans

Business, Innovation and Skills written question – answered on 25th February 2013.

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Photo of Adrian Sanders Adrian Sanders Liberal Democrat, Torbay

To ask the Secretary of State for Business, Innovation and Skills

(1) what proportion of EU transition zone funding to the UK the Government plans to ring-fence for specific purposes;

(2) what assessment he has made of the effect on the competitiveness of the economy of (a) Devon, (b) Torbay and (c) Plymouth of the existence of the Cornwall convergence region and its effect on the distribution of transition zone funding;

(3) what mechanism his Department plans to use to calculate the distribution of EU transition funding to the UK's transition zones.

Photo of Michael Fallon Michael Fallon The Minister of State, Department for Business, Innovation and Skills

The Government will make final decisions on allocations of EU transition funding only after there is an agreement between the European Parliament and member states on the 2014-20 budget. No decision has been made on what criteria will be used.

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