"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."
Contingency planning for winter weather »Severe weather requires robust, collaborative planning between the Welsh Government and the public and private sectors in Wales.Learn more »
Royal Assent for Wales Bill delivers new financial powers says First Minister
First Minister of Wales Carwyn Jones has today welcomed the Wales Bill receiving Royal Assent.
- Plans to strengthen teacher assessment will help drive up standards
- Welsh Government CSOs safety drive
- Royal Assent for Wales Bill delivers new financial powers says First Minister
- Flood and Coast Investment Programme (FaCIP)
- Local authority environmental permitting fees and charges 2015-16
- Age of sale for nicotine inhaling products: draft regulations
- National Training Framework on gender-based violence, domestic abuse and sexual violence
- Travelling to better health
- Adoption and Children Act 2002 (Joint Adoption Arrangements)(Wales) Directions 2015
Section highlightQualifications Wales BillThe Bill will establish Qualifications Wales as an independent regulator for qualifications and the qualification system in Wales.
Legislative programme 2014 - 2015 »
Bills that the Welsh Government will bring forward in 2014/2015.Learn more »
Section highlightProject pipeline update
This 6th edition details over 370 investments across both public and private sectors with a value of more than £40bn.
Final Budget 2015-16 »
The amount of funding allocated to Welsh Government Departments for 2015-16 is £15·3bn.Learn more »
- Statistics & Research
- Annual Population Survey (APS)
- Democracy and community governance
- Developing a comprehensive understanding of community and town councils in Wales
- Educational destinations of Key Stage 4 and post-16 learners
- Regional gross value added (GVA) and sub-regional gross value added - Production approach
- Student support applications for higher education
Upcoming calendar »
See the schedule for all statistics and research releases.View upcoming calendar »