European Funds in Wales
For the period 2014–2020, Wales will receive European Structural Funds investment worth some £2 billion for the following programmes:
- West Wales and the Valleys programmes
- East Wales programmes, which include the European Social Fund and European Regional Development Fund
In line with EU and Welsh Government strategies for supporting growth and jobs in Wales, the programmes are focused on research and innovation, helping businesses to start up and grow, supporting renewable energy and energy efficiency, strategic infrastructure, tackling poverty through sustainable employment, increasing skills and youth employment.
Both programmes include the European Social Fund and European Regional Development Fund, and together, with match funding, the programmes will drive a total investment of some £4 billion in Wales.
To achieve greater impact, the Structural Funds, Rural Development Plan and Fisheries programmes (known as European Structural and Investment funds) have been developed and will be delivered in an integrated way so that funding opportunities are maximised across the different funds.
Wales will also benefit from the European Territorial Co-operation programmes, which includes the Ireland / Wales Cross-border programme.
We also want organisations to maximise the benefits of EU directly managed programmes, such as the research and innovation Horizon 2020 programme, worth £65 billion across the EU, and COSME, Creative Europe, Connecting Europe and ERASMUS which promote business competitiveness, creative and cultural industries, transport, energy and digital networks, and studying opportunities abroad.
2007–2013 Structural Funds programmes
The delivery of the Structural Funds programmes 2007–2013 and 2014–2020 overlap by a period of around two years, with people, businesses, communities and the environment continuing to benefit from EU projects supported by the 2007–2013 programmes.
EU projects have already assisted over 452,700 participants, of which over 153,000 have been supported to gain qualifications and some 51,900 helped into work. In addition, some 21,300 (gross) jobs and nearly 6,700 enterprises have been created.