Convergence
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The West Wales and the Valleys region has been awarded the highest level of support known as Convergence, from the European Union for the Structural Funds programming round 2007–2013.
Convergence, the successor to the Objective 1 programme 2000-2006, covers 15 local authority areas in the West Wales and the Valleys region.
The Convergence programmes for West Wales and the Valleys comprise funding from two separate European Structural Funds: the European Regional Development Fund (ERDF) and the European Social Fund (ESF).
Around £1 billion of ERDF funds will help progress the region’s transformation into a sustainable and competitive economy by investing in the knowledge economy and helping new and existing businesses to grow. It will also focus on regenerating Wales’ most deprived communities, tackling climate change and improving transport.
Over £690 million from the ESF will be used to tackle economic inactivity, increase skills and employment. Together, with match funding, Convergence will drive a total investment of £3.5 billion in West Wales and the Valleys.
Please see the latest issue of our Convergence Newsletter.
