*EU not paying UK firms to outsource
by Jack Schickler | 21.06.2016*
A series of claims ironically entitled “how good the EU has been for British jobs” has popped up on numerous comment boards and social networking sites, purporting to show that the EU has repeatedly paid companies to leave the UK.
The statements, made by various sources in similar terms along these lines, are not true, according to three companies on the online list contacted by InFacts. Dyson, Jaguar Land Rover (JLR) and Marks & Spencer all denied they had received EU funding in the way suggested.
A related claim by Pro-Brexit Euro-MP Daniel Hannan that “the EU gave Ford a grant to relocate from Southampton to Turkey” is tendentious. In 2012 Ford did receive a loan from the European Investment Bank (EIB), an EU institution, of around £150 million for a factory in Turkey. The loan was not to relocate, as Hannan says, though it occurred around the same time as Ford chose to close its factory in Southampton.
As such, the loan stirred controversy in local newspapers. But it should be put in context of EIB lending in Britain, which was worth around £6 billion last year. EIB loans fund projects like Crossrail and the Midlands Metropolitan Hospital in Birmingham. Notably, the bank lent Ford £450 million in 2010 to develop a new generation of greener vehicles in the UK.
infacts.org/eu-not-paying-uk-firms-outsource/
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