EU funding is allocated in spending rounds, the most recent three running from 1994 to 2000, from 2001 to 2006 and from 2007 to 2013.
For the 1999-2000 and 2000-01 financial years, EU funding was provided within the Barnett formula as these years fell within the previous spending round.
For the 2001-06 round, where the UK bid for and secured a substantially bigger allocation from Europe, Wales benefited from allocations under a number of European Structural Funds, including Objective 1 which itself covered around 65 per cent. of the population of Wales, in the Valleys, West Wales, and large parts of North Wales.
There was already a baseline in existing Welsh provision, but on top of this, as recorded in the Wales Office Annual Reports submitted to the House, as well as the Main Estimates, the following total amounts of budget cover were made available to the Welsh Assembly, above the overall Block Grant, as receipts from the EU:
£ million 2001-02 173 2002-03 170 2003-04 186 2004-05 236 2005-06 234 2006-07 336
For the current round, beginning in 2007, the budgeting rules changed so that Department's may use EU receipts to offset expenditure.