SCOTLAND could lose almost one-third of its European funding because of the deal struck by David Cameron last month, Deputy First Minister Nicola Sturgeon has claimed.
She said the deal, reached by the European Council, would mean structural funds budgets being allocated on a new formula, which in the UK favours densely populated regions.
It is claimed the UK's overall allocation for 2014-20 would fall by approximately 6%. However, initial calculations suggest that Scotland could face a drop of over 30% – a cash fall of around €300 million.
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