South East MEP Catherine Bearder has welcomed the news today that the Isle of Wight has been included in the final map submitted to the European Commission to be considered for Assisted Area Status Funding.
Catherine has visited the Isle of Wight a number of times to discuss the bid with local businesses and organisations.
She raised the bid with Secretary of State for Business Innovation and Skills, Vince Cable and the Minister in charge of this issue, Michael Fallon. She argued that the case for the island is overwhelming and it must be included in this scheme to allow it to access EU funding streams.
Catherine strongly and consistently made the case for the island throughout the long application process, providing written submissions at all stages of the consultation.
Catherine said: "I'm delighted for the Island - this is a victory for all the people who've worked so hard on this.
"There is no doubt assisted area status would provide much help and investment, stimulate growth and create hundreds of jobs."
Other areas in the South East included on the Assisted Area Status map are:
Medway, Swale, Thanet, Dover Portsmouth, Gosport, Hastings and Rother