winter the EU invests in the poorest regions generally speaking.
See below for some figures of the impact of leaving on the North:
CEBR research shows 70,000+ North East manufacturing jobs are linked to EU trade.
80% of the cars made at Sunderland go to the European market and World Trade Organisation tariffs would kill the industry which supports tens of thousands of jobs in the North East, not just in manufacturing but in services (MEP Kirton Darling)
www.northeastlabour.eu/wish-eu-were-here - The North East has received billions of pounds of investment over the decades from the EU. There are lots of projects that rely on EU funding now such as the Hartlepool Growth Hub, the Teesside Advanced Manufacturing Park, the Consett Business Park, the Vaux site redevelopment in Sunderland, The Core Building at Science Central in Newcastle and the Northumberland Rural Growth Network. We are a net recipient of EU funds. Over the next five years the North East will get £664m in EU funds.
- universities: Britain exiting the European Union could cost the North East’s Universities millions of pounds, Labour’s Shadow Business Secretary has warned.
Labour released figures showing that Newcastle and Durham Universities have benefitted from over £50m of EU funding since 2008. This funding enables Universities to conduct ground breaking research, benefitting the local economy and increasing economic growth.
In comments made in Newcastle after visits to businesses in the area, Angela Eagle MP said: “The North East is rightly proud of the pioneering research being under-taken by its universities in Newcastle and Durham. The research at both universities and the potential spin-offs can play a huge part in driving growth and diversifying the North East’s economy.
“These figures highlight the risk to our universities of the UK leaving the European Union.
“EU funded research at the UK’s leading universities has led to vital scientific discoveries, including potential treatments for cancer and heart disease.
“Leaving the EU would put… our competitive advantage and highly-skilled jobs at risk”.