Brexit 'paralysis' holding up investment in Durham, council chiefs say
Council chiefs have blasted government ‘paralysis’, delaying plans for post-Brexit investment in County Durham.
EU funding through just two of the pots available, the European Regional Development Fund and the European Social Fund (ESF), are expected to be worth more than £150million to the county over the period 2014 – 2020. But, with just months to go, ministers have still not confirmed details of a scheme to replace the lost cash.
“Post-2020, the structural funds will be replaced by the Shared Prosperity Fund,” said Coun Alan Napier, deputy leader of Durham County Council.