Writing in the Western Morning News, Camborne and Redruth MP George Eustice cites findings from Open Europe’s new report on EU structural funds, which found that if regional policy were devolved back to the UK government, Cornwall could receive an extra £207 million in funding over the next seven years. He argues that “a successful regional policy is incredibly important to the far South West because action is needed to create new industries and higher paid jobs…however we must also remember that there is no such thing as EU money… We simply get some of our own money back.” He concludes that while “some say they prefer the devil they know and are frightened of change… One idea is to put all the extra funding that Britain would have… into a second pillar of the Regional Growth Fund specifically targeted at areas like Cornwall but with less bureaucracy. It’s an interesting idea which could be right for the future.”Leaving aside the curious notion of "devolving back", let's highlight Mr Eustice's dictum that
There is no such thing as EU money… We simply get some of our own money back.It follows that there is no such thing as UK government money either. Remember that, George, every time you eat a subsidised meal at Westminster. That money belongs to the people, to your constituents.
That goes for every penny your government spends. That's one reason why they - and you - should practise austerity.