Brexit barriers are having a significant impact on North East small and medium-sized enterprises (SMEs), hitting their exports as they struggle with regulations and red tape, a new report this week reveals. The region’s universities are another sector badly hit...

A new government scheme was meant to replace EU structural funds lost after Britain left. But critics say it delivers less money and will do little to bolster the Tories’ levelling up agenda.

MULTI-MILLION cuts to regional funding intended to level up the country will have “catastrophic consequences” on the local economy, it has been warned.

Levelling-up promise broken by government. / The UK government's replacement for the EU's regional development funding leaves regions billions of pounds worse off, devolved administrations have said.

Grants given through the government’s Shared Prosperity Fund were supposed to match EU cash previously handed out to UK regions for development. In reality, the north is £1.65 billion down.

South Yorkshire to lose £900m and Tees Valley and Durham £750m, Michael Gove told – despite pledge to ‘match’ EU funds

Areas like South Yorkshire will see a cut in the amount of economic development support they receive in the coming years even if the Government matches the funding they were getting from the European Union before Brexit, academics have claimed.

A Sheffield MP is demanding the Government replaces £605m of EU cash earmarked for South Yorkshire after Brexit.