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WELSH DEVELOPMENT AGENCY OUTLINES FUNDING PLANS

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The Welsh Development Agency has outlined its commitment to increasing its annual funding used to help boost the nu...
The Welsh Development Agency has outlined its commitment to increasing its annual funding used to help boost the number of new businesses starting in the principality.

The Western Mail (p12) reports that the WDA yesterday unveiled its corporate plan for 1999 to 2002 - which will have to be agreed by the national assembly when it comes into effect next April.

The plan sets out strategic programmes aimed at achieving a broader geographical spread of economic activity in Wales, with direct support to create more of an enterprise culture.

The WDA, which in the current financial year has a budget of£197m, is seeking a£50m rise in its annual budget to meet its challenges and greater responsibilities outlined in the Welsh Office's economic document Pathway to Prosperity.

The corporate plan is being circulated to the WDA's partners for comments. They will help shape a detailed strategy to be published next spring.
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