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Europe Supports Welsh Business With £17.5m For Youth

by Jamie Adrankone

Europe Supports Welsh Business With £17.5m For Youth

A funding package worth £26 million is set to boost business across Wales by getting more young people into work.

Announced recently by finance secretary Mark Drakeford, the funding includes £17.5 million from the EU and will be used to fund three schemes aimed at helping people between the ages of 16 and 24 find training and work opportunities.

The money brings the total European investment in programmes for young people between 2014 and 2020 to £193 million.

Speaking at an event in Swansea, held to mark 60 years of the European Social Fund, Mr Drakeford said that the funding will be used to help young people unlock their potential and improve their career prospects.

“These projects are further examples of the importance of Wales receiving replacement funding from the UK government post-Brexit so that we can continue supporting young people, helping them secure a prosperous future,” he added.

The three schemes benefitting from the cash injection are Inspire2Work, Ad Trac and Cam Nesa. They will support young people facing challenges by providing help with basic and personal skills and self-esteem, mentoring and digital literacy training.

Minister for Welsh language and lifelong learning Eluned Morgan said that many young people face barriers in securing work because of a lack of skills or support. The schemes will help them progress in confidence and skills development.

In North Wales, the Ad Trac project will receive £10.4 million supplemented by £6.8 million from the EU to deliver these services.

Meanwhile, the Welsh Government revealed last month that money from the European Regional Development Fund will go towards fostering entrepreneurship in Wales with the creation of four new business hubs.

If you’re looking for storage in Flint, get in touch with us at Lock Stock Self Storage today to see how we can help.

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