Night time economy framework »The framework aims to help develop a sustainable, healthy and safe night time economy in Wales.Learn more »
Chinese health and nurtraceutical group to open European HQ, R&D and manufacturing centre in Wales
Acerchem International a leading Chinese health and nutraceutical group is to establish its European HQ and R&D and manufacturing centre in Wales.
- New EU project to help grow the fisheries industry in Wales and Ireland
- Three quarters of a million pounds for Little Haven flood alleviation scheme
- Chinese health and nurtraceutical group to open European HQ, R&D and manufacturing centre in Wales
Section highlightLandfill Disposals Tax Communities Scheme
The scheme will support local community and environmental projects in areas affected by the disposal of waste to landfill.
Final Budget 2017-18 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2017-18 is £15bn.Learn more »
- Statistics & Research
Upcoming calendar »
See the schedule for all statistics and research releases.
Funding from the UK Government
The Barnett formula is a non-statutory mechanism used by UK central government to apportion public expenditure changes to Wales, Scotland and Northern Ireland. It is based on population, not need.
The formula determines the change to the inherited level of spending for each of the devolved administrations in Wales, Scotland and Northern Ireland.
If new money is announced by the UK Government then Wales will receive a consequential proportion of that new money under the Barnett formula. It is for the Welsh Government to decide on use of that money.
This means that budget announcements by the UK Chancellor of the Exchequer about additional resources for education may or may not apply to Wales depending on whether they involve new money for which Wales receives a consequential. If there is a consequential, it will still be for the Welsh Government to decide how it spends that money.