Unspent EU funds at risk of being reclaimed

By Martin Ford | 02 June 2023

Wales could have to return EU funding if it is not spent by the end of the year, a finance watchdog has warned.

While all of the funds have been allocated to projects, £504m has yet to be spent according to a report by the Auditor General and is at risk of being reclaimed by the EU on 31 December.

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Finance Audit Wales Funding European Union
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