Future of the Welsh rural economy

Summary

Economic output per head in areas of rural Wales is below the Wales average, although it has grown since 2010. This briefing inclues Welsh economic output statistics, along with statistics showing employment broken down by industry sectors.

Section 1.2 of the paper looks at how much funding Wales received from the EU structural funds while the UK was a member of the EU, and reports how the UK government has said that it will replace this funding, including from the UK Shared Prosperity Fund.

Section 1.3 looks at Welsh agricultural exports and Wales’ largest export markets for agricultural products.

As a result of EU exit, the UK no longer participates in the EU Common Agricultural Policy (CAP). Section 1.4 provides an introduction to the Welsh Government’s current plans to provide agricultural support.

Section 1.5 looks at the Levelling Up Fund and how this will apply to Wales.