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Wales protected from EU cuts

David Cameron has written to Carwyn Jones telling him that he will use the UK's ability to reprioritise its European aid so that Wales will only suffer a 5% cut -a move he says is worth 375 million euros.

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Wales protected from EU aid cut - Welsh Secretary

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.

– David Jones MP, Secretary of State for Wales

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