Wales’ £2bn EU structural funding deal formally agreed

The European Commission adopted a ' Partnership Agreement ' with the United Kingdom on the 29 October 2014 setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country, including Wales.

Wales will receive £2bn in European aid between 2014 and 2020.

The announcement made through the UK Partnership Agreement sets out funding for European Structural and Investment Funds 2014-20. It also sets the framework for the approval of the Welsh Structural Fund Operational Programmes, which have been negotiated with the European Commission over the last nine months.

The European Commission approval sees around £1.6bn going to West Wales and the Valleys and over £325m to East Wales.

• Primary Source

Wales Online, 29.10.14: Wales set to receive £2.1bn EU cash over the next seven years as cohesion funds deal is agreed http://www.walesonline.co.uk/news/wales-news/wales-set-receive-21bn-eu-8019788

ESO: Background information: European Commission adopts ‘Partnership Agreement’ with the United Kingdom on using EU Structural and Investment Funds for growth and jobs in 2014-2020 http://www.europeansources.info/record/press-release-european-commission-adopts-partnership-agreement-with-the-united-kingdom-on-using-eu-structural-and-investment-funds-for-growth-and-jobs-in-2014-2020/

Wales: Welsh Government: News, 30.10.14: Jane Hutt welcomes £2bn EU funding for Wales http://wales.gov.uk/newsroom/finance1/2014/9339969/?lang=en

http://wefo.wales.gov.uk/?lang=en http://wefo.wales.gov.uk/?lang=en

---