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Welsh cabinet calls for UK Government assurance over regeneration funding

Words: Roger Milne
Welsh Labour leader, Carwyn Jones

The Welsh cabinet this week called for assurances from the UK Government that current and anticipated levels of EU funding for farming support and regeneration projects would be honoured now the UK has voted to leave the EU.

In a statement First Minister Carwyn Jones said: “One of the most immediate concerns facing us as a government is the future of around half a billion pounds a year which Wales currently receives from the EU to support our farming industry and to bring greater prosperity to some of our most deprived communities.”

He added: “We require this funding assurance immediately, as there are hundreds of vital EU-funded projects right across Wales whose future is now in the balance unless that funding guarantee is given.

“Let me be absolutely clear. These projects are designed to improve people’s lives, their environment and the infrastructure they rely on every day, and we are proud of what they have already delivered”.

Finance secretary Mark Drakeford commented: “Wales is a net beneficiary from the European Union. The millions of pounds Wales receives from the EU help people into work and training; support businesses; drive innovation and help to regenerate communities. The UK Government must guarantee that Wales will not lose out from an EU withdrawal.”

Image credit | National Assembly for Wales