The Banff and Buchan committee area qualifies for European Union Objective 2 structural funding, a policy with the stated aim of improving the economic well-being of regions in the European Union ,  and has tourism assets in its coastline, coastal villages and visitor attractions.
The Area qualifies for European Union Objective 2 structural funding. The regional policy of the European Union (EU), also referred as Cohesion Policy, is a policy with the stated aim of improving the economic well-being of regions in the European Union and also to avoid regional disparities. It does, however, have tourism assets in its coastline, coastal villages and visitor attractions. 
