Nearly £1bn earmarked for local investment will be lost if the Government does not act soon, the Local Government Association (LGA) has warned. Some £914m of the European Social Fund (ESF), which is the EU's main investment in employment, skills and training in member states, will be returned if it is not spent within the next two years. The LGA raised concerns about the Government's slow pace of allocating the fund, of which more than half remains unspent.
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