Wales still has £500m of EU funding that needs to be spent by the end of this year or it will be lost. This is according to a new report from Audit Wales which examines how public money is spent.
The report found that the Welsh Government had just under £650m of EU grant funding available to spend in 2023. However, despite committing all EU funding to projects, by the end of March 2023 there was still £504m of EU grant funding left to be spent.
Read more: More than a quarter of children in Wales live in poverty
