After We Leave - The UK Prosperity Funds: A new beginning for regional policy (PDF 482KB)
Publish Date: 21 December 2018
A DUP Consultation document on UK regional policy
Regional policy has not always been the sole competency of the European Institutions. Prior to the first Thatcher government, policy had been to encourage private companies to set up in poorer areas through government incentives (which could potentially conflict now with EU state ad rules). Michael Heseltine then led a shift towards Urban Development Corporations in the early 1980s based on a partnership approach between the public and private sector to drive investment. Labour added to this infrastructure with Regional Development Agencies (RDAs), however, they largely mirrored the EU policy while some of it was devolved to the new institutions in Scotland, Wales and Northern Ireland.