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EUROPE AND WALES: INVESTING IN YOUR FUTURE
Making a difference Alun Davies AM, Deputy Minister for Agriculture, Food, Fisheries and European Programmes, discusses what EU funds have done for Wales
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UROPEAN Structural Funds are making a valuable contribution to the economic development of Wales and the wellbeing of our communities. It has been a difficult and challenging time for people and businesses in Wales, but we are working hard to put the shadow of recession behind us – and European funding helps to give us an extra edge on the road to recovery. The funds support EU and Welsh Government strategies to help businesses to flourish and help our people gain the skills and training that are vital for success in today’s competitive global economy. The funds are very important for our business community – creating the right conditions where businesses can grow and become more competitive, and can maximise the opportunities of innovation and research and development to develop new products and processes. At a time when our financial institutions are tightening their purse strings, the JEREMIE scheme has provided investments worth £76m to
370 SMEs to help them to grow. The funds are also helping to deliver significant achievements in strategic infrastructure, supporting the regeneration of some of our poorest communities and in tackling the effects of climate change and fuel poverty – for example, our Arbed programme is helping to tackle high fuel cost rises by improving housing energy efficiency for nearly 5,000 low-income homes. Our programmes are delivered over seven to nine years, and so far we have already committed more than 82% of the EU Structural Funds available under the current round (2007-2013). With match funding, this has led to a total investment of over £3.1bn in Wales, while EU projects have so far assisted more than 268,500 participants. Of these over 75,800 supported to gain qualifications and over 31,000 helped into work, while 9,750 (gross) jobs and 1,950 new enterprises have been created. I am especially pleased that our access to European funding has also helped us to fight the ill effects of the
recession. Some 17,500 workers at risk of redundancy have stayed in work thanks to Welsh Government schemes, ProAct and Skills Growth Wales, to upgrade skills. This year’s historic referendum marks a new era for Wales, strengthening devolution and enhancing our country’s profile in Europe. Looking ahead we are determined to continue to maximise the impact of European funding. Over the coming months, I will be discussing our investment priorities for any future EU programmes 2014-2020 in Wales with partners from the private, public and third sectors. To embark on this process we need to start with a period of reflection, and now is the right time to do this. Indeed, the European Commission has recently presented its proposals which will help set the parameters on how we will deliver and maximise any new European programmes in Wales. These underline the need to focus on delivering the goals of Europe 2020 for smart, sustainable and inclusive growth, with a
stronger emphasis on impacts and results. The Welsh Government has also recently set out its aims for the next five years in its Programme for Government, an ambitious vision to deliver measurable improvements to the lives of the people of Wales. While we won’t know for some time how much funding different parts of Wales might secure for any future European programmes, we need to start planning now and in partnership. We must set our ambitions high, but we also need to be realistic about what the European programmes can do to help address the many economic and social challenges facing our country. In doing so, we must face up to the need to invest and implement the European funds in such a way that they will maximise opportunities for sustainable growth and jobs and achieve the greatest impact. I believe that we are utilising the current EU funds well by supporting many excellent and innovative projects. The quality of our projects and the way we successfully manage the Structural Funds in Wales has also been recognised by the European Commission. In addition, through the Rural Development Plan, investments have been made in improving the competitiveness of the agricultural sector and the sustainable manage-
Alun Davies AM ment of our natural resources, while the European Fisheries Fund is supporting infrastructure on port and processing improvements and measures to improve the sustainability of natural resources. We value the importance of genuine partnership, and we
will be working with our partners to ensure that the new programmes deliver successfully for Wales. Together, we can create the right conditions to support sustainable economic growth and quality jobs for the benefit of the people, communities and businesses in Wales.
Shining light on industry
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A Beacon of light for the green economy
ANGOR University has been working with Caernarfon-based company Phytovation to develop new technologies to produce pharmaceuticals from plant sources as part of the EU-backed Beacon initiative. The Beacon initiative is helping Welsh companies develop new routes to products from biomass, rather than those traditionally from oil. Phytovation’s collaboration with the university has enabled the company to progress new products from plants, such as Senna powder for use in making high quality laxatives. Andy Beggin of Phytovation said: “Our partnership with the university is highly valued, and we hope this funding will act as a springboard for companies to increase our business.” The £20m Beacon project is led by Aberystwyth University’s Institute of Biological, Environmental and Rural Science (IBERS), in partnership with Swansea and Bangor Universities. Backed with £10.5m from the European Regional Development Fund, it assists business to develop innovative products from plant materials and help in the fight to tackle climate change.