Councils braced for financial hit following Brexit
Council negotiators have resigned themselves to taking a financial hit from Brexit as they continue talks with ministers, The MJ understands.
The Treasury has guaranteed that EU structural and investment projects that are signed before Brexit will continue to be funded ‘provided they represent good value for money and are in line with the UK’s strategic objectives’.
However, chief executive of the Northern Ireland Local Government Association (NILGA), Derek McCallan, has admitted that council negotiators would not be asking the Government for the same amount of funding after Brexit.
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