Fears Wales could lose £1billion funding if EU budget proposals go ahead
WALES could lose £1 billion in EU funding if current budget proposals go ahead.
Deputy Minister for European Programmes Alun Davies told the National Assembly's Enterprise and Business Committee that proposed cuts and changes to the formula for calculating the distribution funds could potentially lead the loss for structural funds and the Common Agricultural Policy (CAP) in Wales.
Under the current seven-year round of Structural Funds, which is due to end later this year, Wales has benefited from £1.8 billion of EU funding, generating £3.8 billion of total investment for the Welsh economy.
The proposals, discussed at a special EU budget meeting last November, would see some of the EU's poorest regions, like West Wales and the Valleys, face significant cuts in Structural Funds allocations, while wealthier regions could see significant increases.
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He said: "We recognise that the EU is facing significant budget pressures, but we are understandably concerned about these proposals, given that EU funds are critical to Wales in addressing the economic challenges we face and supporting a significant programme of change for Welsh agriculture."
6 Comments
by Zoomer
Monday, January 28 2013, 11:58AM
“For all those readers who agree with the EU, and our financial contributions towards it.
Let's pretend I'm the EU. Please send me a £10 note, and in return, I promise to send you £6. Does that sound like a good deal to you ? Answers please ?”
by bluebirdsrule
Sunday, January 27 2013, 9:49PM
“Without the eu monies wales would be broke, all you need t do is walk around certain towns in wales and it's like land of the dead, there is nothing left here in wales so what Peter monies wales get is a benefit”
by weslangdon
Sunday, January 27 2013, 8:19PM
“its the structural funds/esf that are important to us as they help make up for the cuts imposed by Westminster”
by Zoomer
Sunday, January 27 2013, 1:41PM
“The UK contributes approximately £30 million ( nett) PER DAY to the EU. We are being fleeced.
The CAP is for the benefit of mainly the French farmers, plus some German and Italian small farmers ( farms of a size in these latter two countries, that would be too small to provide a reasonable farming wage in the UK ).
We are being fleeced for the second time !”
by brochadav
Saturday, January 26 2013, 6:21PM
“CAP should stop completely, we should be looking at the world economy and protecting farmers everywhere. To do that though, we have to stop big business from taking advanatge of them.
When you see stories of farmers selling their produce for less than it costs to generate then something is seriously wrong.
Supermarkets are damaging our infrastructure and are conspiring together to get around competiton rules. Farmers are going under and we are seeing giant factory farms springing up that are providing lower quality produce and damaging the environment.”
by Neathboy234
Saturday, January 26 2013, 10:39AM
“I've never been entirely sure about the worth of CAP, of course it helps our farmers and all the other farmers across the EU. The problem is that it holds back farmers in Africa from fairly competing with us. It' been estimated that the EU, USA and Japan spend over $200 billion protecting their farmers in this way, surly with the finances of this trio in such a mess it must be a good idea to reduce agricultural subsidies. Granted lots of our farmers would go bust, but that is going to happen anyway if we leave the EU”