"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."
Delivering Prudent Healthcare in Wales »Prudent healthcare principles ensure patients receive the most appropriate treatments to achieve mutually-agreed goals.Learn more »
Deputy Minister committed to building a vibrant future for Welsh farming
The new Deputy Minister for Agriculture and Fisheries has said she feels privileged to have been appointed to the role and is looking forward to working closely with Wales’ farming industry.
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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
- Registration fees for the education workforce in Wales
- Consultation on Draft Technical Advice Note (TAN) 1: Joint Housing Land Availability Studies (JHLAS)
- Consultation on the Equality Impact Assessments for the 2014-2020 Ireland Wales Cooperation Programme
- Statutory Guidance to the Independent Remuneration Panel for Wales in relation to the salaries of Local Authority Chief Executives
- Legislative proposals for Additional Learning Needs – White paper
- The Ireland Wales Cooperation Programme 2014-2020
Featured consultation »Registration of further education teachers with the Education Workforce Council
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Section highlightThe Gender-based Violence, Domestic Abuse and Sexual Violence (Wales) Bill
The Bill aims to improve the Public Sector response in Wales to gender-based violence, domestic abuse and sexual violence.
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 - June 2014
Our pipeline provides visibility of infrastructure investment activity across Wales.
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