Past successes
The 2000 - 2006 European Structural Funds programme was the first in which West Wales and the Valleys benefited from EU Objective 1 status. Over the programme period, EU Objective 1 contributed around £1.2 billion of European aid to kick-start the economy.
This funding was aimed at the most deprived regions of the European Union, assisting them to catch up with the prosperity of other regions – the principle aim being raising the level of gross domestic product (GDP), ie to boost the areas’ wealth.
In a nutshell, EU Objective 1:
- provided money from Europe to help increase prosperity
- was focussed upon regenerating areas whose economy was under-performing
- there was a need for funding to be matched with private sector investment or other public investment
- was facilitated on the island by the Anglesey Economic Regeneration Partnership
- applications came from eligible bodies
- projects met definite project selection criteria and
- enabled the private sector to gain access to a range of support through projects run by intermediaries such as the county council, Menter Môn and Medrwn Môn
Objective One Newsletter for Anglesey for 2008
Please follow the link above to view the Objective One Newsletter 2008 for the Isle of Anglesey.
Objective 1 projects
During the EU Objective 1 programme, there were a number of key strategic developments which had a positive impact on Anglesey’s economy.
