One of the things which drive me crazy about the EU. Pay a huge amount of tax to fill their coffers, and allow them to make a decision on where it goes without any representation or say from the people. It's shocking to me, for the size of the UK government and what they plan to do are going to invest nearly 2 billion Euro into this without providing more details on exactly where and how the money is going.
Realistically, I don't think 2 billion Euro + 6 Billion Euro (from business) is enough for their plans to equalize cybersecurity throughout the EU. So get ready to have your taxes increased to pay for this. Germany, France, The Netherlands... be ready to see most of your EU taxes go towards smaller EU countries which, according to the plan, will need to be funded so the EU isn't so 'fragmented' concerning the cybersecurity industry. Talk about stupid. Probably 60-70% cybersecurity corporations and startups are located in California. There is no need to spend money to startup companies in Alabama, Iowa and Wisconsin.
Bringing in the US's proposed increase in federal spending on cybersecurity isn't exactly a great comparison to look at. First, it doesn't fund research, development or private industry at all. Second, It doesn't concern building small corporations and balancing where things come from.
The US typically doesn't fund private industry improvement of cybersecurity. If a company needs to put money into this, it can fund it from profits or sell stock. A lot of congressional representatives were axed during the 2012 elections. Largely due to spending money on bailing out large corporations and banks, while the economy was stagnant and unemployment rising. Nobody helped bail out the citizens.
So I understand spending money to improve the cybersecurity throughout the EU governments, but not private industry. I don't blame UK for leaving... it was the right thing to do for the people. It also allows them to put money where they want and need to, like military defense... something the EU has allowed to dwindle.