Following the Prime Minister's announcement on EU aid to Wales, the Welsh Secretary David Jones says
Last month, the Prime Minister negotiated a real-terms cut in the EU budget for the first time in history. At a time when people in every walk of life are tightening their belts to cope, it would be wrong for EU spending to be immune and continue to rise.
However, EU structural funds are important for supporting economic growth and I am pleased that this Government’s decision on how to allocate the UK’s share of EU structural funds protects Wales from the full extent of the reductions they would have faced through the EU formula alone.
What is important now is that the Welsh Government uses this money wisely to help deliver strong and sustainable growth for Wales.
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I'm sure this will be music to your ears! A drier and brighter day ahead!