Sandra White MSP for Glasgow Kelvin

Brexit risk to £556m EU funding in Glasgow

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A new publicly accessible database has laid bare the financial impact that leaving the EU will have on areas around the UK, with the Greater Glasgow area facing losses to funding of over £556.

The figures show that the EU has invested over £556m in Glasgow through its direct investment in agriculture, research, culture, education, and jobs.

The EU invests around £5billion a year in the UK, and the European single market is around eight times bigger than the UK market alone.

Last week, the SNP announced that up to £18 million of European cash would be used by the Scottish Government to set up an Advanced Manufacturing Fund to help small and medium sized businesses.

Sandra White MSP said: “As these figures show, the City of Glasgow and surrounding areas have benefited hugely from the strong relationship between Scotland and the European Union.

“EU funding has made a huge contribution to infrastructure, culture, and opportunities in Scotland. This is just the latest analysis which confirms that Brexit is going to inflict major harm on our economy.

“Far from delivering extra cash for the NHS, as was infamously promised by the leave campaign bus, Scotland faces losing out on billions of pounds of funding with no clarity from the UK government over how this will be replaced.

“We are being dragged out of the European Union against our will, and Glasgow will be hugely damaged because of this. The only solution is to stay in the single market and customs union.”

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