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Up to 2,000 jobs boost in Wales thanks to £120m investment

Staff writer |
Ahead of a debate on the Welsh Government Draft Budget 2016-2017, the Minister confirmed a range of pan-Wales projects will benefit from the additional capital investment.

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The priorities:

- £50m for priority transport projects;
- £10m for the 21st Century Schools and Education Programme to support projects that will enhance skills for post-16 students;
- £10m for Intermediate Care Fund, focusing on ‘step-down’ and re-ablement facilities for people with complex needs to support independent living and reduce demand on health services;
- £10m for the Wales Ambulance Service Trust for the replacement of vehicles;
- £5m for Green Growth Wales, providing repayable energy efficiency grants across health, local authorities and education;
- £3m for Warm Homes / Arbed, to tackle fuel poverty through green growth by investing in domestic energy efficiency measures.

A further £10m will be allocated towards neonatal investment in developments across West, South and North Wales.

A total of £20m of financial transactions (repayable loans and equity investment) will support housing and regeneration projects across Wales, including:

- £10m Land for Housing – the scheme will provide recyclable loan funding to registered social landlords to purchase land to support housing supply
- £10m Town Centre Loan Fund – expanding the current scheme to invest in empty and underutilised buildings by at least 40 initiatives.

This capital boost is in addition to the £43m for schools and social housing recently announced by the Finance Minister for 2015/16.

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