The UK Treasury has cut off the means for supplying match funding for EU money (previously provided via the soon to be abolished RDA's) and so £1bn earmarked for regeneration will be unspent. Not just that, but the Treasury can then pocket 2/3 of the unspent money. An absolute scandal! See a report from the Industrial Communities Alliance (formed in 2007 to represent local authorities in the industrial areas of England, Scotland and Wales) at
http://www.industrialcommunitiesalliance.org/uploads/2/6/2/0/2620193/eu_funding_briefing_nov_2011.pdf .
