Action to battle recession.THE Welsh Assembly Government The Welsh Assembly Government (WAG) (Welsh: Llywodraeth Cynulliad Cymru, LlCC) was firstly an executive body of the National Assembly for Wales, consisting of the First Minister and his Cabinet from 1999 to 2007. launched recession-busting programmes after staging economic summits with businesses and unions. Spending worth pounds 91m was accelerated by a year to support the building industry. Payments of invoices to small businesses was speeded up to aid cash flow. Around pounds 28m was brought forward for schemes in housing, education and regeneration Regeneration (biology) The process by which an animal restores a lost part of its body. Broadly defined, the term can include wound healing, tissue repair, and many kinds of restorative activities. . The pounds 150m JEREMIE Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. fund makes debt and equity investments in small and medium sized businesses. The pounds 48m ProAct programme avoided potential redundancies by providing training for employees on short time working. Some 113 companies and 6,000 workers were helped. A WAG spokesman said: "We are committed to work in partnership to ensure companies and individuals are supported." |
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