Carwyn Jones has been reacting to the letter he's received from the Prime Minister, saying that the cut in European aid to Wales will be limited to 5% because funds intended for England will be reallocated.
Welsh Labour MEP Derek Vaughan says the aid cut for Wales is still 'disappointing' but fairer than first thought. He hopes that it will be possible to draw down additional funds as well and perhaps even get to a position where Wales benefits more than ever.
Following the announcement of the amount of European aid Wales will get, Plaid Cymru MEP Jill Evans says,
The Department for Business, Innovation and Skills has released the details of how EU aid will be redistributed. Wales will end up with nearly twice as much money as Scotland and Northern Ireland combined.
- Wales gets a total allocation of around €2.145 billion. This is €375million more than Wales would receive under the EU formula for allocation of funds to the UK.
- Scotland gets around €795 million, €228 million more than under the EU formula.
- Northern Ireland gets around €457 million, €181 million more than under the EU formula.
- England gets €6.174 billion, €784 million less than under the EU formula.
Welsh MEP, Derek Vaughan, says the credit for a reduced cut in EU aid belongs to lobbying by Labour politicians. And he says the task now is to find ways to fill the shortfall.
Following the Prime Minister's announcement on EU aid to Wales, the Welsh Secretary David Jones says
The Prime Minister says the cut in European regional aid to Wales will be limited to 5%, which suggests that west Wales and the valleys will get about £75 million less over the next seven years than in the last seven years. The Welsh Government had feared a £400 million cut.
David Cameron agreed a deal in Brussels that cut the EU budget. But for the first time, there will be some European aid for all areas, with member states able to move the money around. The Prime Minister has now told the First Minister that he will use this to limit the impact on Wales.