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REGION OF THE WEEK: North East of England (UK)

19/04/2011

Visit by Commissioner Hahn

Commissioner Hahn will be in the North East of England on 18- 19 April 2011.  He will speak at the Annual International Conference of the Regional Studies Association at Newcastle University on 19 April.  He will also be talking to local journalists about the contribution of EU funding to economic development in the North East of England.

 

What are the region’s priorities?

GDP per inhabitant in the North East of England is 20% below the EU average.  Unemployment is currently running at just over 10% (above the UK rate of 8%) and the region has had to deal with the decline of traditional industries, as well as the impact of the economic and financial crisis. 

In recent years, the North East of England has been successful in modernising its manufacturing industry (eg moving from coal to renewable energies, and from shipbuilding to the marine/sub-sea sector).

 

How is EU regional policy helping?

The EU is due to invest €375 million in the North East of England during the 2007-2013 programming period.  (This represents 5% of the EU's total investment in the UK during the period.)

More than half of the funds will go towards boosting innovation in the region.  This includes support for the Innovation Connectors network, which helps to bring together Universities and local companies.  EU funding will also support business and job creation, with a particular focus on disadvantaged areas.  The North East of England benefits from additional funding to support small businesses through the JEREMIE programme.

The North East is doing well in absorbing EU funding, with 67% of the available funds already committed to projects. The region remains committed to successful implementation of the programme.

 

Project examples

Examples of EU funded projects in the North East of England include:

 

Further information