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£1 billion of EU structural funds invested in Wales

The Welsh Government says more than £1 billion of EU structural funds have been invested in schemes across Wales.

Finance Secretary Mark Drakeford also confirmed that the Welsh Government will continue to negotiate directly with the UK Government about future regional funding so Wales does not lose out when the UK leaves the European Union.

We have now invested £1.16bn of the 2014 -20 EU Structural Funds allocation for Wales, supporting schemes including apprenticeships; the Wales Business Fund; Cardiff University’s Brain Imaging Centre; the Menai Science Park and Deep Green marine energy technology.

This achievement follows our success in securing an extended guarantee from the UK Government to cover all investments in projects approved before the UK leaves the EU.

Wales voted to leave the EU but it did not vote to see investment in Wales cut by the UK Government. Wales must not lose a single penny of funding as a result of Brexit.

– Prof Mark Drakeford AM, Finance Secretary

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