Economy & Infrastructure Wales   |

Subscribe to the monthly newsletter updates

Openreach-Leaderboard
Openreach homepage sidebar


Banc-sidebar-advert-425px-x-255px_GIF

port of milford haven profile ad

ACCA Button Ad

net zero wales button



Short-Term Funding for Long-Term Challenges Hinders Wales’ Rural Economy


Wales’ rural economy faces a range of challenges, from socio-economic struggles to recruitment issues, from inadequate transport links to the vital need for high-speed digital connectivity.  

Despite the complexity and scale of these challenges, efforts to address them are often hampered by a fundamental flaw in how we approach solutions – with short-term funding cycles attempting to tackle long-term problems. 

These cycles, typically lasting only a few years, aren’t suited to addressing the deeply rooted, structural problems that rural economies face. Instead, they create a “stop-start” dynamic where progress is made but momentum is lost once funding dries up. 

The fundamental mismatch between the nature of rural economic challenges and the timeframe of available funding is a major stumbling block.  

These issues can’t be resolved within a two or three-year funding window. Too often that’s what organisations have to work with. Solutions are piloted, new approaches tested, and different ways of working experimented with. But just as things start to gain traction, the funding ends, leaving initiatives unfinished and communities no better off in the long run. Without continuity, projects struggle to create meaningful, lasting change. 

Tackling the issues which impact rural Wales will mean thinking long-term and working across sectors. We need to integrate opportunities in employment with lifestyle considerations. For many people, living in rural Wales isn’t just about having a job – it’s about enjoying the benefits of a rural lifestyle, proximity to nature, and tight-knit communities. Our challenge is to build a rural economy where people can have both – meaningful employment and a fulfilling lifestyle. 

However, none of this is possible without sustained support and funding. What we need is a pipeline of ideas and continuous support that enables us to build on success and learn from failure over time. 

If we are serious about tackling the long-term challenges facing rural Wales, we need a fundamental shift in how we approach funding. Short-term cycles won’t cut it. We need sustained, multi-year support that allows for flexibility, adaptation, and growth over time. We also need to involve rural communities in shaping the solutions that affect them. 

Long-term problems require long-term thinking and investment. If we want rural Wales to thrive, we must be willing to commit to solutions that match the scale and complexity of the challenges at hand. 



bnw MEET THE TEAM AD

Economy Sept podcasts

Columns & Features:


8 November 2024

8 November 2024

8 November 2024

8 November 2024

Related Posts:

Business News Wales //