'£40bn up for grabs'
BUSINESSES in Wales are being encouraged to apply for a share of £40 billion of infrastructure funding by newly appointed Welsh Secretary David Jones.
Under the UK Guarantees Scheme launched by the Chancellor George Osborne, up to £40 billion of funding will be underwritten for infrastructure projects put on hold following difficulties in raising finance.
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Mr Jones said the scheme shows infrastructure development is important to the Government's growth agenda and added: "It could dramatically accelerate major infrastructure investment and I urge Welsh companies to ensure they get their share of this significant investment fund."
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