"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 »
Health Minister announces £11m funding boost for emergency ambulance services
Emergency ambulance services will benefit from an £11m funding boost from the Welsh Government, Health and Social Services Minister Mark Drakeford announced today.
- Beaumaris to benefit from £1.2m coastal flood defence scheme
- Deputy Minister to raise dairy concerns in Brussels
- Health Minister announces £11m funding boost for emergency ambulance services
- Amendments to the Government Guidance notes on the Waste Batteries and Accumulators Regulations 2009
- Consultation on the Code of Guidance to Local Authorities on the Allocation of Accommodation and Homelessness 2015
- Aligning the apprenticeship model to the needs of the Welsh economy
- Age of sale for nicotine inhaling products: draft regulations
- Revised Child Poverty Strategy for Wales
- Sharing the location of TB infected farms
Featured consultation »Age of sale for nicotine inhaling products: draft regulations
0 days left
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