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£3M Welsh Government funding announced to prepare meat and fisheries sector for Brexit

Farmers will be helped to improve their businesses in preparation for Brexit Credit: PA

The Welsh Government will offer the meat and fisheries sector over £3m to prepare for Brexit.

The money will come from the Welsh Government's £50million EU Transition Fund.

Over £2million will be used to help develop the red meat sector and support farmers to improve their businesses in preparation for trading following Brexit. Funding will also be used to encourage companies based in the EU to set up their operations in Wales.

Carwyn Jones said Brexit presents challenges to agriculture and fishing industries in Wales.

Brexit presents a series of challenges and opportunities for our agriculture and fisheries industries. The funding I am announcing today from our EU Transition Fund will provide vitally needed support. As a Government we will do all we can to help these important industries prepare for a post-Brexit world.

– First Minister, Carwyn Jones AM