A “SUBSTANTIAL” proportion of money replacing EU structural funds after Brexit should be allocated to training and skills in regions with high unemployment, a Labour-commissioned report recommends.

Future governments should commit to replacing EU funding worth at least £1.5 billion a year and also allow for inflation, it says.

The trading bloc has allocated £9bn to be distributed across Britain between 2014 and 2020, with Wales getting more than £2bn due to its “less developed” status.