The European Union (EU) spends a large share of its budget on regional policy, what are the implications for the UK? In this video, Peter Egger (ETH Zurich) concludes that overall regional transfers across the EU give value for money. However, there is room for further improvement in the design of EU regional transfers to make them more effective. He argues UK regions have benefited from EU regional policy over the last decades and that there is uncertainty for those regions that benefit from substantial amounts of EU funding (e.g. Cornwall) over what would replace those funds after an eventual Brexit. This video was recorded in June 2016 during the “Economics of the UK-EU Relationship” workshop at Brunel University London.