WEFOWelsh European Funding Office
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In a report published today, the Auditor General for Wales notes that this left Wefo with "three years and nine months less to commit all of the funding than it did in previous rounds".
Wefo has approached Awema's co-sponsors to consider what alternative arrangements might be put in place.
"The support we're getting via the Welsh Government's Wales European Funding Office (WEFO) will help us create more leisure space in the city."
Worst of all, there are 12,500 fewer young people being trained through the European Social Fund, which should not be surprising given that WEFO has only paid out pounds 14.2 million to project sponsors against a commitment of pounds 95 million.
Wefo has a mindset about not being able to do things because of EU rules."
With the first funding period drawing to a close Professor Jones paid tribute to the involvement of the Higher Education Funding Council WEFO, the research councils, European frameworks and industry.
The pounds 4.9m scheme, which was funded by the EU Convergence fund managed by the Welsh European Funding Office (WEFO), was led by Denbighshire County Council.
An Assembly spokesman said: 'As with all projects, WEFO will be regularly monitoring the progress of the project, including physical verification visits, to ensure that European funds are only used for the agreed purposes.'
What we do know now is that our financial support from WEFO (Welsh European Funding Office) remains in place.
Located at Stormy Down, near Bridgend, the building also has a photo voltaic (solar panel) roof system and has been funded through the Low Carbon Research Institute programme funded by Wales European Funding Office (WEFO).
WEFO has told us that it has unfrozen the funds for this work on the assurance of The Isle of Anglesey County Council that the work is legal, but that if it is not the funds will be clawed back.