The EU has Structural Funds. These have two aims: to 'cushion' economic transition. That is, investments into preserving the social fabric of regions that undergo economic transition. And two, to stimulate this economic transition form underdevelopment or obsolecence into a viable economy.
Scotland was left ravaged by the Thatcherite reforms. Whether these reforms were necessary is open to debate. I for one think they were. Even so, with breathtaking heartlessness, with an abruptness that borders on the brutal, Scotland was abandoned by London during the Thatcher era.
Scottish shipyards build an Empire. Empire gone, Scotland got the boot.
The European Union, however, will not abandon an entire region to poverty. Access to the world's largest market, and investments in economic infrastructure, have done for Scotland what London refused to do:
Europe has never believed that Scotland or Ireland should be abandoned to perennial backwardness. Unlike Margaret 'I want my money back' Thatcher, Europe did believe that all those regions in the British Isles that were relegated by history and London into destitution could be propelled into viable economies through central investment.In Scotland, Structural Funds are the significant source of European Union funding for economic development in Scotland. Programmes run over a seven year period. From 2000-2006 Structural Funds spending provided over £1.1 billion of support for Scotland, supporting the Scottish Government's aims of boosting economic growth and improving productivity in Scotland while reducing economic and social disparities.
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