The European Commission has warned the National Assembly of Wales that the principality could suffer a shortfall in overall funding (which includes funding for tourism projects). Although the Berlin Summit in March 1999 allocated €1.85 bn to the South Wales Valleys and West Wales over a 6 year period, this requires the Government to match funds £ per £. Furthermore, because of currency fluctuations the value of the grant has fallen to €1.15bn. The failure of the minority Labour Administration in Wales to match funding is expected to lead to a motion of “no confidence” by the main opposition party, Plaid Cymru (the Welsh Nationalist Party).
