"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."
Progress on major health conditions delivery plans »We remain committed to ensuring that quality improvement remains at the centre of our approach for the future of NHS Wales.Learn more »
Statement from the First Minister following meeting with the Prime Minister on Tata Steel
“My message to the Prime Minister this morning was simple. These plants cannot close.”
- Welsh Government agrees partnership in principle for £80m convention centre plans at Celtic Manor Resort, Newport
- £43m to improve Wales’ primary care services
- Statement from the First Minister following meeting with the Prime Minister on Tata Steel
- Consultation on Procurement Regulation in Wales
- National Outcomes Framework for Youth Work
- Proposed changes to Planning Policy Wales Chapter 6: The Historic Environment
Closing soonView all open consultations »
Section highlightEnvironment (Wales) Act 2016
The act puts in place the legislation needed to plan and manage Wales’ natural resources in a more proactive, sustainable and joined-up way.
Assembly bills »
Bills that the Welsh Government will bring forward.Learn more »
In this section
Section highlightWelsh taxes: a conversation
Share your thoughts on a new Taxpayers’ Charter.
Final Budget 2016-17 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2016-17 is £15bn.Learn more »
- Statistics & Research