European funding

According to the Western Mail today, Rhodri Morgan has admitted that £40 million will have to be returned to the Europe because the Assembly does not have the matched funding.

Why such a defeatist attitude?

Is the First Minister trying to tell us that Wales doesn't have the businesses, universities and colleges that could not come up with the necessary matched funding to invest this money?

Give me two months and I could ensure that all that money is spent in a way that would benefit Wales and the Welsh economy.

What Rhodri needs to do is to get WEFO to be more flexible over the rules and the rest of the economic development team to put their thinking hats on.

They should not assume the worst but proactively look for opportunities to use this funding before we have the shame of sending back this money to Europe.

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