EU funds supporting growth in green economy

EU 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 of the 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 said: “The BEACON Project is an excellent example of how companies can tap into the research and innovation expertise through Aberystwyth, Bangor and Swansea Universities.

 

“We can offer a service to help develop their products and fast track their technologies. Working with BEACON brings real advantages to companies developing green technologies in Wales.”

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