Signing over such a huge amount of money to the EU is a disastrous move, not least for taxpayers in Wales who will undoubtedly be left hugely out of pocket once again.
In the last funding period, Wales’ taxpayers paid £1.65 for every £1 received back in structural and cohesion funding and under this new EU budget we are likely to see more of the same.
Cohesion funds constitute 34% of the EU spending budget which means we are talking about €325 billion over the next seven years – this figure should really get people thinking about the extortionate cost attached to our membership of the EU.
Plaid Cymru MEP Jill Evans calls for people living in communities which will benefit from European aid to be given more say in how it's spent. Her call follows a vote by MEPs backing EU budget plans which will see more than €2bn of aid granted to Wales between 2014 and 2020.
MEPs have backed budget plans which will see European aid given to Wales until 2020. Their final vote in the European Parliament in Strasbourg follows years of discussions on the distribution of aid money to some of the poorest regions of the EU.
Wales has qualified for the highest level of aid which is expected to mean €2.1bn over the course of the spending period. It's a higher amount than had been expected after the UK Government agreed to cut some funding from parts of England.