"As a result of the global economic situation, Wales is facing challenges that have not been felt for several generations.
"One of the biggest challenges we face, is ensuring that Wales’ young people are provided with opportunities to equip themselves with the right skills to ensure they can maximise their employment prospects in the future.
"In recognition of this challenge, the Welsh Labour Government and Plaid Cymru have today reached agreement on making sure a Budget for the coming financial year can be set – an agreement that is founded on making sure that such opportunities for our young people can be further enhanced.
"We have agreed that an additional £20 million will be reflected in the Draft Budget to be debated on Tuesday, 13th November, which would be put into supporting apprenticeships in Wales, targeted especially at those in the 16-24 age group. Opportunities to supplement Welsh Government resources with the maximum amount of EU funding will be sought. We will also ensure a further £20 million will be included in the indicative figures for 2014-15 for apprenticeship schemes.
"The exact schemes that the money will support will be determined by the Welsh Labour Government, in consultation with Plaid Cymru.
"In addition, we have today also agreed that in support of research in the fields of science, technology, engineering and mathematics, £10 million of capital will be allocated over the next two years in support of the creation of a science park led by Bangor University, in collaboration with Aberystwyth University.
It is intended that the park will also attract EU and private sector investment.
"Today’s agreement means that a Budget for the coming financial year can now be set on behalf of the people of Wales."
National School Categorisation System »This new system is not purely data-driven but also takes into account the leadership, teaching and learning that goes on in our schools.Learn more »
Action needed to tackle our growing waistlines- Chief Medical Officer
Dr Ruth Hussey outlines the steps the nation needs to take to address the population’s health problems
- Welsh Government funded Community Support Officers – one year on
- Extra £425m for the Welsh NHS in a ‘Priorities for Wales’ Budget 2015-16
- Action needed to tackle our growing waistlines- Chief Medical Officer
In this section
- Business and economy
- Children and young people
- Culture and sport
- Education and skills
- Environment and countryside
- Equality and diversity
- Health and social care
- Consultation on Local Development Plans Process Review
- Implementing the Emissions Performance Standard: Monitoring and Enforcement Arrangements in England and Wales
- Collection and management of devolved taxes in Wales
- Reservoir Safety in Wales: Consultation on the Commencement of Schedule 4 to the Flood and Water Management Act 2010
- Devolution, Democracy and Delivery White Paper – Reforming Local Government
- Consultation on improving the availability of allotments and community gardens
Featured consultation »Draft 10-year plan for the early years, childcare and play workforce
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Section highlightHousing (Wales) Act 2014The Act introduces significant improvements across the housing sector to ensure that people have access to a decent, affordable home and better housing-related services.
Legislative programme 2014 - 2015 »
Bills that the Welsh Government will bring forward in 2014/2015.Learn more »
Section highlightWales for Africa grant
The Wales for Africa grant supports projects that build mutually beneficial links between Wales and Sub-Saharan Africa.
1st Supplementary Budget 2014-15 »
The 1st Supplementary Budget proposes a number of changes to the Final Budget for 2014-15, which was published in December 2013.Learn more »
- Statistics & Research