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South Lincolnshire Liberal Democrats

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European Investment in the East Midlands

April 25, 2013 4:21 PM
Originally published by East Midlands Liberal Democrats

The European Investment Bank (EIB)

The EIB is the European Union's bank providing loans for a variety of initiatives including large-scale infrastructure projects, loans for small businesses, development of sustainable energy technologies and financing support for Britain's manufacturing industries.

In the East Midlands £216 million has been approved for Rolls Royce in Derby to develop the Trent XWB engine[5].

Where to find the projects:

The EIB database provides a list of all financed projects since 2008 here and future projects here.

European Regional Funding

Between 2007-2013, the European regional funds will invest £9 billion (€10.6 billion) in the UK to promote economic, social cohesion and reduce disparities between regions. In the previous programme from 2000-2006, EU regional funding is estimated to have created or safeguarded over 256,000 jobs and directly supported 16,000 small businesses in the UK

For examples in the East Midlands has received £1.7 million for Harborough District Council to provide office space, virtual offices and meeting rooms to digital & media companies[7].

Where to find the projects:

ERDF projects in the English regions are available here.

European Social Fund (ESF)

In the East Midlands The European Social Fund (ESF) provided £2.3 million for a network including Leicester & Brooksby Melton colleges to provide specialist support to engage and sustain hard-to-reach young people.

ESF projects in the English regions can be found here.

European Research & Development (R&D) Funding

The EU's R&D funding has provided up to £3 billion in research grants and loans to British scientists and innovators over the last five years, more than almost any other member state

In the East Midlands Nottingham University has received £3 million Nottingham University for research into improving crop performance.

The EU's research and development projects are perhaps the most difficult to find. They can be located in the Cordis database here. Search under "only projects", in the "programme type" section filter the results to "seventh framework programme" and search by city or name of university/company. This will produce quite a long list to search through.