"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."
Help to Buy – Wales Shared Equity Scheme »This shared equity loan will make up the shortfall between the purchase price of a property and the funding available to buyers through their cash deposit and mortgage offer.Learn more »
Banding data for 2013 released by Welsh Government
Secondary school Banding data for 2013 has today been published by the Welsh Government.
- Minister announces £10m funding to improve Cardiff Airport
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- Banding data for 2013 released by Welsh Government
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- Local authority environmental permitting fees and charges 2014-2015
- Alternatives to Waste Transfer Notes and other aspects of Waste Regulation
- Beyond 2011: Consultation on Census and future provision of population statistics in England and Wales
- M4 Corridor around Newport Consultation
- Undertaking fatal and non-fatal drug poisoning reviews in Wales
Featured consultation »New guidance for the Risk Assessment of Walked Routes to School
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In this section
Section highlightThe Housing (Wales) Bill
The Bill will introduce significant improvements across the housing sector to ensure that people have access to a decent, affordable home and better housing-related services.
Legislative programme 2013 - 2014 »
The First Minister detailed the 8 bills in the Welsh Government’s 5-year Legislative Programme that will be brought forward during the 3rd year of the Welsh Assembly.Learn more »
Section highlightProject pipeline update - December 2013
This Wales Infrastructure Investment Plan annex highlights planned investments and potential procurement opportunities.
Final Budget 2014-15 »
The amount of funding allocated to Welsh Government Departments for 2014-15 is £14.9bn.Learn more »
- Statistics & Research