Saturday, October 30, 2010

THE JOB CREATING POTENTIAL OF EUROPEAN FUNDS ACROSS WALES

Last week, I put forward the case that the Welsh Assembly Government was conveniently ignoring the job creating potential of the European Structural Programme.

Not surprisingly, this is an issue that also seems to have been conveniently ignored by the mainstream press in Wales as they continue their message of doom and gloom for the Welsh economy.

I have rewritten the blog entry for my column in the Western Mail today so we will see if there is any further reaction, especially from politicians.

I have also decided to carry out an exercise which is hardly scientific but does suggest that there is scope for job creation across different parts of Wales if the European Convergence programme is applied proportionally.

The table below shows how many jobs could be created across the poorest counties of Wales if the remaining target of 32,000 jobs were applied proportionally according to the adult labour force in each county, which is as good a measure as any.

Of course, it is highly unlikely this will happen, as WAG refused to apply Convergence Funding geographically, but it does give some idea of the jobs that can be created across the fifteen poorest counties of Wales with this programme.

Note that, all things being equal, there could be an extra 2,300 jobs created in Bridgend and an extra 1,100 jobs created on Anglesey.

Given such exceptionally good news, you have to wonder why the First Minister and Deputy First Minister are not bombarding the BBC and the newspapers with press releases about the jobs to be create din their constituencies over the next four years.