"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."
Appointment of the next Children’s Commissioner for Wales »The current Children's Commissioner's tenure will come to an end on 28 February 2015.Learn more »
Minister wants bigger role for National Parks
National Parks and Areas of Outstanding Natural Beauty are integral to Wales’ national identity and are recognised internationally.
- £6.2 million IT investment in North Wales healthcare
- Funding for new Life Sciences Innovation Village in Cardiff
- Minister wants bigger role for National Parks
- Consultation on Service Framework for the Treatment of People with a Co-occurring Mental Health and Substance Misuse Problem 2015
- Proposed changes to homelessness data collections
- Proposals to amend existing powers to tackle waste crime and poor performing sites in the waste management industry
- Flood and Coast Investment Programme (FaCIP)
- Teacher assessment: strengthening arrangements to improve reliability, consistency and confidence
- Provisions for the proposed Firefighters’ Pension Scheme (Wales) 2015 and amendments to the Compensation and Pension Schemes 2007
Section highlightRegulation and Inspection of Social Care (Wales) BillThe Bill will improve the quality of care and support in Wales and strengthen protection for citizens.
Legislative programme 2014 - 2015 »
Bills that the Welsh Government will bring forward in 2014/2015.Learn more »
Section highlightTaxes in Wales
The devolution of some taxes to Wales from April 2018 provides us with the opportunity to reshape those taxes to better meet our circumstances and priorities.
Final Budget 2015-16 »
The amount of funding allocated to Welsh Government Departments for 2015-16 is £15·3bn.Learn more »
- Statistics & Research