§ Mr. Wills
The Commission have proposed transitional periods of four years for areas losing Objective 2 and 5b funding. Current Objective 5b covers rural areas. The Government are pressing for equal transitional periods of six years for ex-Objective 2 and 5b areas as for Objective 1. The transitional arrangements for regions losing Objective 5b status will not be known until the new Structural Funds regulations are agreed.