The Western Mail (p2) reports that the money for west Wales and the south Wales Valleys to be spent from 2000 to 2006 can be used on projects including improvements to transport and education infrastructures.
Fears that the necessary matchfunding of up to£1bn will come out of the Welsh block grant appeared last night to be swept aside by the Welsh Office minister, Peter Hain.
He said: 'We did not go through all the hoops of getting Objective one funding for west Wales and the Valleys for the first time ever as a Labour Welsh Office to be denied the opportunity to draw down these vast funds because of a lack of resources.
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