Only three UK regions are to remain eligible for full regional aid from the European Union from 2007.
New guidelines proposed by the European Commission show that Cornwall and the Isles of Scilly; West Wales and the Valleys; and the Highlands and Islands of Scotland will continue to be ‘objective one’ zones from 2007 to 2013.
Other regions currently enjoying this status, such as South Yorkshire and Merseyside, will no longer qualify under the draft guidelines, necessitated by EU enlargement.
A Brussels spokesman said that Objective One funds would allow both capital investment and operational aid for transport projects.
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