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> we were reassured by the ‘leave’ campaign that a decision to leave the EU would not affect the EU funding ... that Cornwall would not be worse off

That's so immature. They were innocents and bad people deceived them to vote against EU and now they have no funds.

doesn't this basically mean you are $85M/yr short on your own finances and are relying on external sources to keep the books balanced? Which defacto means you have a negative cashflow and thus are essentially insolvent?
they'd rather have 85 million from the EU than the 13 billion that England will no longer be obligated to give the EU? They need to spend the difference on math classes.