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European funding in Wales

EU and Welsh flag
Through the 2014–2020 European programmes, Wales is benefiting from around £500m of EU investment in the Welsh economy each year.

EU funds present many opportunities for organisations across the public, private and third sectors to help create sustainable jobs and boost economic growth in Wales.

The following European Structural and Investment funds, as well direct payments to farm businesses, are worth over £2.4bn of EU funds and are delivered in partnership through the Welsh Government. Together with match funding from Welsh Government, other public, third and private sectors, the EU funding programmes will generate £4bn of investment in the Welsh economy:

  • European Regional Development Fund – helps new and existing businesses to grow and supports research and innovation, energy and infrastructure. Also includes the European Territorial Co-operation programmes, including the Ireland Wales programme.
  • European Social Fund – helps increase skills and employment, tackle economic inactivity and poverty, and provide support for young people.
  • European Agricultural Fund for Rural Development  – improves competitiveness for farming and forestry, protects the environment and improves the quality of life and diversification of rural economies.
  • European Maritime and Fisheries Fund – implements the new Common Fisheries Policy and supports the development of sustainable fisheries and aquaculture.

In addition, the European Agricultural Guarantee Fund pay agricultural businesses in Wales income support of around €270m a year.

Improving opportunities through other EU funds

As well as the European Structural and Investment (ESI) funds, EU funding streams directly managed by the European Commission are adding value to our strategies for growth and jobs across Wales. Horizon 2020, worth around £65 billion, is driving research and innovation investment across the EU, while COSME, Creative Europe, Connecting Europe, Lifeplus, and ERASMUS, are investing in business competitiveness, creative and cultural industries, transport, energy and digital networks,  conservation and the environment, and studying opportunities abroad.

What type of funding are you looking for?

An online check-list (external link) is available to help you narrow down EU Funds that could be available for the type of investment you have in mind.