Wales' EU Objective One money lessons learned
European aid for the poorest areas of Wales is now being well managed after lessons learned from earlier projects, auditors have said.
However, the Wales Audit Office said there is too much red-tape, and targets being set are too easy.
Wales received around £2bn from the EU between 2007 and last year, but the way the funding was handled in the six years before that had been widely criticised.
Paul Martin reports.