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Welcome to Wales! Croeso i Gymru !. Economic backdrop. UK GDP is £1.5 trillion Wales GDP is £44 billion Wales will be eligible for further £1.3bn EU funds until 2020 . Current value of Welsh environment. worth £8.8 billion to the Welsh economy
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Economic backdrop • UK GDP is £1.5 trillion • Wales GDP is £44 billion • Wales will be eligible for further £1.3bn EU funds until 2020
Current value of Welsh environment • worth £8.8 billion to the Welsh economy • £1 in every £5 generated in Wales is dependent on the environment • 1 in 6 jobs is reliant on the Welsh environement
Annual Value to the Welsh Economy • Tourism - £6.2 billion • Wildlife-based activity - £1.9 billion • Agriculture - £1,035 million • Marine and coastal environment - £1.5 billion • Forestry - £429 million
Why invest? • Benefits increase long-term after one-off investment • Environmental sustainability and economic prosperity go hand in hand • Green economy generates growth • Improves people’s quality of life
How can we build on this? • Management of Natura 2000 Network • Tourism • Recreation • Water Quality • Flood Control • Renewable energy • Energy savings • Sustainable Transport