My local newspaper The Sentinel is reporting today that Stoke-on-Trent… “may miss out on £157m of European cash” from the 2014-2020 funding round. That’s a paltry £22m per year.

It’ll be easily replaced…

“… the West Midlands paid in £3.55 [to the EU] for every pound it gets back [in European grants]” — said by Open Europe Director Mats Persson, giving evidence in Parliament to the Communities and Local Government Committee, 2012.

Not that it’ll have to be replaced, as the funding to 2019 looks fairly secure (due to the way that EU funding rounds operate). We’re anyway unlikely to exit fully until spring/summer 2019.

Keep in mind, also, that the city probably wouldn’t have got another £157m for 2020-27 — because the EU would have shifted ever more funding over to Eastern Europe after 2020, regardless. Even if the UK had stayed in the EU, the city might have been lucky to get another £60m for 2020-2027.

Of course, the government at various levels will also need to reassure about match-funding and other similar provision. But, understandably, it’s doubtful that they’ll be in a position to able to give assurances on that for some months yet.

Update: The EU funding body (Special EU Programmes Body or SEUPB) today said it is “business as usual” for our EU funding application bids, so we can get and apply for EU funds that run to 2020. (We’re likely to finally leave by June 2019 at the latest).