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EU funds supporting growth in green economy

on March 12, 2014

Dr. Jan Telensky

EU funds supporting growth in green economyEU Funds are helping to support the low carbon economy and driving sustainable development, according to Welsh Finance Minister Jane Hutt.

The Minister met businesses pioneering new ‘green’ products and services this week  as part ofthe EU-backed BEACON project which has been highlighting the work of companies and Universities in helping to establish Wales as a Biorefining Centre of Excellence.

The aim is to reduce reliance on fossil fuels by developing new, sustainable products and services while boosting economic growth and creating new jobs in the trades.

Finance Minister Jane Hutt said: “Sustainable development is at the heart of Welsh Government. This is another example of how Wales benefits from vital EU funds which are helping to drive innovation in the low carbon economy, creating opportunities for sustainable growth and jobs in our region, and making a significant contribution to combating climate change.”

BEACON Deputy Director Rob Elias…

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