Lamport Bassitt Logo

OVERVIEW  |  HISTORY  |  PARTNERS  |  CAREERS  |  CONTACT US  |  LOCATIONS

news image

         
  LATEST

LATEST LEGAL NEWS ARCHIVE
  LATEST NEWS & EVENTS

EU regeneration funding back on track



Businesses seeking help from a commercial property solicitor to carry out development work have been told that vital European Union (EU) funding is once again available for local authorities.

The European Commission (EC) confirmed it is lifting an interruption to payments of European Regional Development Funding (ERDF) in England following the implementation of a new regime of tighter controls on projects.

It follows the EC's decision to temporarily interrupt the payment of funds after an annual audit found a number of irregularities in projects.

Communities secretary Eric Pickles said the funding scheme had suffered from poor administration and fines dating back over ten years.

The UK government, he added, has overhauled the management of programmes by bringing them in-house to minimise the liabilities.

Regional development agencies had been responsible for the management of ERDF, but these are now to be abolished.

Mr Pickles explained: "The measures that this government has taken have been recognised by the European Commission which has just announced that payments for the ERDF programme will restart, allowing vital regeneration work to continue."

Posted by Georgina Price ADNFCR-1678-ID-800674313-ADNFCR
Related Articles:
30/3/2012 -  EPC changes to affect buy-to-let landlords

27/3/2012 -  Rent increases drive strong buy-to-let yields

27/3/2012 -  Property industry welcomes 'sensible' planning reforms

2/3/2012 -  Arla advises landlords to 'invest wisely'

1/3/2012 -  Basel III could hit commercial property lending

More Property Law News
 
         

HOME  |  LATEST LEGAL NEWS  |  BOOKMARK US  |  FLASH WEBSITE  |  TEXT ZOOM

  © 2012 Lamport Bassitt DEFAULT ZOOM  |  DISABILITY INFORMATION  |  LEGAL INFORMATION