European investment to support economic growth
Wales and Ireland are set to benefit from a unique £80 million European programme that will help strengthen economic links between the two countries.
The investment for the Ireland Wales programme 2014-2020 was announced today by the Welsh Government Minister for Finance and Government Business, Jane Hutt, during a meeting of the National Assembly for Wales’ Enterprise and Business Committee.
The programme will see Welsh and Irish partners working together on collaborative and innovative projects in the areas of innovation, climate change, cultural and natural resources, heritage and tourism.
Welsh Government Finance Minister, Jane Hutt, said:”I’m delighted to announce that the European Commission has agreed in principle a new £80 million Ireland-Wales Co-operation programme, with formal approval expected in the coming weeks.
“Wales is perfectly located for doing business with Ireland and provides a link to the UK market and Europe beyond.
“There are also strong synergies between Irish aspirations and those of the Welsh Government on driving sustainable economic growth and jobs for our two Nations.
“We will continue to work together to explore effective co-operation opportunities in an increasingly global economic and, indeed, social environment.”
Managed by the Welsh Government in partnership with Irish authorities, including the Southern Regional Assembly and Irish Government, people and communities within the south-east region of Ireland and the north and west of Wales areas will benefit from the EU funding programme.
Minister for Public Expenditure and Reform, Mr Brendan Howlin, said that: “This investment will, once more, further underline the increasing importance we all attach to the growing collaboration across the Ireland-Wales maritime border and will allow us to build on the considerable achievements of previous and current programmes”.