New UK Government funding for Wales sparks job loss fears

Andrew RT Davies chairs cross-party committee warning of job losses after UK Government's £547m Local Growth Fund for Wales falls short of previous EU funding schemes

Inside the new Senedd chamber with extra desks(Image: WalesOnline/Rob Browne)

WalesOnline readers have been engaged in heated discussions about Wales' funding, Brexit, and the prospect of independence. This follows a Senedd committee expressing concerns over a new UK Government funding scheme, which could potentially lead to job losses.

Opinions are divided on who is responsible and what the next steps should be.

The Local Growth Fund will allocate £547m to Wales as a substitute for EU development funding. The fund, set to be distributed over the next two years, succeeds the Shared Prosperity Fund (SPF).

However, a Senedd committee has pointed out that the new scheme's annual £182m will be less than the amounts received under both the SPF and the original EU structural funds.

In his introduction, the chair of the cross-party........

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