Where will funding come from when we leave the EU?

[SistemaAddict]

I was googling a local tourist attraction yesterday and noticed the following:

The new Treak Cliff Cavern Interpretation Centre is part-funded by the European Agricultural Fund for Rural Development - to upgrade the visitor offer, by providing new toilets, heritage and interpretation centre. Project reference number: 101006.


and it got me wondering where the deficit will come from when (if?) we leave the EU?

So many places of interest and industries benefit from EU funding and this is just one example.

Someone I know works as a project manager whose job it is to secure funding from the EU.

What other resources can we tap for funds once out of the bloc?

[Miljah]

But- what I don't get is why, if Germany is the biggest contributor to EU funds,there's all but I agitation to leave the EU?

Yes, time will tell.

I expect to seethe wholesale closing down of tourist attractions.

Anecdotally, where are all the EU reg cars on our motorways this summer, given that Britain is cheap this summer.

Could it be that the notion that we are all barking mad racists have taken root?

[Miljah]

But- what I don't get is why, if Germany is the biggest contributor to EU funds,there's all but I agitation to leave the EU?

Yes, time will tell.

I expect to seethe wholesale closing down of tourist attractions.

Anecdotally, where are all the EU reg cars on our motorways this summer, given that Britain is cheap this summer.

Could it be that the notion that we are all barking mad racists have taken root?

[Miljah]

But- what I don't get is why, if Germany is the biggest contributor to EU funds,there's all but I agitation to leave the EU?

Yes, time will tell.

I expect to seethe wholesale closing down of tourist attractions.

Anecdotally, where are all the EU reg cars on our motorways this summer, given that Britain is cheap this summer.

Could it be that the notion that we are all barking mad racists have taken root?

[cupidfatstunt]

The EU doesn't 'fund' anything, they give a small fraction of the money we pay them to odds and ends of art galleries and the like, so they can have the words 'funded by the EU' on a plaque outside the building.

If you want a say in what project gets what money, then after we leave the EU you will get a direct democratic say in the matter, you can talk to your MP about it.

The way it is now in the EU, it's like paying all your money to a landlord who gets to choose how your house is decorated and furnished and you get no say. . . Once we are out it will be like owning our own home, we can decide to get the nicer stuff for ourselves, and we wont be financing the landlord's whores and cocaine habit.

[Cackleweb]

Are politicians cynical?

Will funding be granted to those most in need or to those areas where the politican gain the greatest advantage?

[OhtheHillsareAlive]

It could be argued that the money saved from not paying into EU could be used

You do know that actually, we got more out of the EU than we paid in?

Cornwall, for example. Cornwall will be a basket case without EU money.

But Leavers had no idea. And didn’t really care as long as they could exercise their nasty xenophobia.

[CornishMaid1]

There are quite a lot of EU cars on the roads this summer that I have seen down in Cornwall. We always have a lot of German visitors in Cornwall, but I have seen reg plates for quite a number of other western European countries here as well.

Cornwall is going to be screwed by Brexit, as are for example parts of Wales. We in particular get out more than we pay in (even if the country doesn't as a whole) as we are classed as an area of deprivation and one of the poorer areas in Europe.

They did break down the Cornwall vote by constituencies and only one came out remain, so we had an overall leave vote. The problem is there are a lot of poorly educated people in Cornwall who were swayed and we are a very high older population which would skew the results, given that overall older voters went for leave.

Cornwall has been chronically underfunded for decades (although nice to see we have been given funding from Boris for the hospital this week) so there was no way we would get the funding from the government. Most of the time, we are just forgotten about - most MPs seem to forget the country goes much further than Bristol.

[Brexissmexit]

So all the people who are on this thread saying that we can fund these things from the money we're not going to pay the EU are they not watching the news?
The cost of Brexit to date is something like 66 BILLION! With BJ throwing more BILLIONS at trying to mitigate the implications of a no deal Brexit everyday that goes by!

There is no money to be saved in this, the austerity that will follow to try and recoup these billions will be like nothing we've seen so far!

[Clavinova]

OhtheHillsareAlive
Just popping in to say that the UK is a net contributor to the EU budget.

EU regional funding/social funding etc. (approx £4bn pa) is our money recycled and sent back to us - Boris Johnson pointed this out to Jeremy Corbyn in the HOC on his first day in office.This funding is deducted from our gross contribution and recorded as 'public sector receipts'.

I have found this handy chart - scroll down;

www.economicvoice.com/uk-contributions-to-the-eu-rocket-by-20/

Based on these estimates it looks as though the UK's contribution for 2018/19 has risen by 20% on 2017/18 (a 28% rise if the £900 million over payment from a previous year had not been deducted).

We do receive £1-£2bn private sector receipts, but this money appears to be cancelled out by our contribution to the European Development Fund - an 'off-budget' contribution we agreed to pay.

[timeforakinderworld]

One of the main aims of the EU is to fund areas of the union which are generally economically deprived or underfunded by national governments. Even if we do save money by leaving (and we won't) do you really think a Tory government has the same aims? Cornwall won't see a penny.

[MockerstheFeManist]

The UK is a net contributor to the EU, and so leaving the EU would release a sum of money, Y.

But replacing all the EU-funded projects X will cost X+Z, where Z represents the loss of economies of scale.

More pertinently, Y is in GDP terms such a tiny fraction of a sum, it can easily be wiped out by currency fluctuation, and buried without trace by a small fractional loss in EU trade in perishable goods that cannot economically be traded over greater distances, e.g, fresh food, half of which we need to import, and which cannot be stockpiled by definition.

[Clavinova]

The cost of Brexit to date is something like 66 BILLION!

That figure is based on a 'doppelganger UK' (an imaginary UK). It's an estimate suggesting where our economy might be now if we had not voted to leave the EU in 2016. It's not real money we have spent. Germany didn't vote to leave the EU - why has their economy suffered as well?

[timeforakinderworld]

It's an estimate suggesting where our economy might be now if we had not voted to leave the EU in 2016.
Ha! As if that makes it all ok. The point is that no one is claiming that we will be better off after Brexit so it is ingenious to say we can use the money we will have saved. It doesn't exist. Maybe next century...

[Clavinova]

The EU Commission's budget chief indicated in October that if we stay they might seek to remove our rebate;

"Britain would lose its EU budget rebate were it to decide to cancel Brexit and stay in the bloc, the European Commission’s budget chief has said."

"Günther Oettinger told reporters in Brussels that such a rebate was “no longer appropriate” in a family of nations."

www.independent.co.uk/news/uk/politics/brexit-eu-budget-rebate-gunther-oetinger-second-referendum-remain-a8580616.html

[Mistigri]

"Günther Oettinger told reporters in Brussels that such a rebate was “no longer appropriate” in a family of nations."

This is delicious.

[Clavinova]

The point is that no one is claiming that we will be better off after Brexit

Nobody knows what will happen in 5 year's time - the £66bn cost of Brexit was based on how well other countries were doing compared to us - turns out Germany isn't doing as well as everyone thought a year ago.

[Clavinova]

Mistigri
Even better;

"Describing Britain’s €6.2 billion (£4.9 billion) cashback as “the mother of all rebates” Mr Oettinger said the payment would still be gradually be reduced to zero in stages."

[Clavinova]

The next Led by Donkeys quote.

[timeforakinderworld]

Nobody knows what will happen in 5 year's time
Ok but nobody thinks we are going to be richer - even Rees-Mogg thinks it will take 50 years - so it's a bit pointless to say funding will come from the money we have "saved", don't you think?

[Clavinova]

even Rees-Mogg thinks it will take 50 years

That's a misquote/out of context - I've seen the interview clip. When asked 2/3 times, "What if you are wrong?" (about the benefits of Brexit) he said we might not see the true benefits of Brexit for 50 years.

It wasn't his answer to, "What if you are right?".

[Peregrina]

Not seeing the true benefits for 50 years was not what was promised. We were promised benefits now.

[ODFOx]

With my academia head on; already lost a Fellow, 2 admins and a project manager from my department. As EU funding lost.
With my business head on: the European Banking Agency and the European Medicines Agency: they have packed up and left London: 14000 professionals between them either redundant or moves from London.
The less influence we have the more money we lose. We were a major player in an organisation which centralised so many administrative processes; now we have to set up offices to do all the admin independently and we have no say in the decisions our neighbours are making. Of course there will be no grants, at least in the short term. Boris is on a charm offensive miraculously finding a bit of money for the NHS but when it comes down to it there isn't enough for us to set up and run independently. We're buggered, basically.

[Clavinova]

We were promised benefits now.

Depends on why you voted to leave I suppose - not all benefits are monetary or instantaneous - otherwise no one would divorce their spouse or set up their own business.

[Peregrina]

I thank God did not vote Leave, but I really wonder how many Leavers would really be happy to wait 50 years to see the 'true benefits' in whatever terms they are couched.

[Clavinova]

As EU funding lost.
EU funding should be guaranteed until 2020 - perhaps the project had a natural completion? We haven't left the EU yet - why did the EU stop the funding?

14000 professionals between them either redundant or moves from London.

Did you mean 14000 staff?
"The European Medicines Agency (EMA) and European Banking Authority (EBA), 890 and 184 staff respectively."