The Border, Midland and Western region (BMW) will see a reduction of 199 million euro from 2014 to 2020 according to MEP Pat the Cope Gallagher.
Calling on the Irish Presidency of the EU to support his call for additional funding for the BMW region, Gallagher said a “special provision allocation” must be offered. As this region has been the hardest hit by the economic downturn.
He says the budget allocation to the BMW region under EU structural funds will be reduced by a massive 43.5% or EUR 199.1 million for the period 2014 to 2020
For the period 2007 to 2013, the European Regional Development Fund and the European Social Fund allocation to the BMW region was EUR 457.4 million. The criteria used to assess the allocation of funds to the BMW region for the next programme period 2014 to 2020 will result in a reduction of up to EUR 199.1 million for the region.
The Donegal man added that the criteria used is both “outdated” and “flawed” as the reference years used predate the devastating economic crisis and rising unemployment levels across Ireland and the BMW region in particular. A final decision on the allocation of funds will be made by EU leaders when they meet on the 07-08 February next to agree the Multi-annual Financial Framework 2014 to 2020.