THE MP for Ynys Môn, Virginia Crosbie has welcomed more than £16million being earmarked for the island from the UK Government’s Shared Prosperity Fund.
But she warned the timetable to put together bids is short as they need to be submitted by August.
She said the onus was on Isle of Anglesey County Council to drive it forward.
Mrs Crosbie said: “This is brilliant news for the island, but work needs to start immediately to make sure we have a good bid in place to use this money to help level up and offer the opportunities outlined in the fund objectives.
“I am looking forward to working with the council and other stakeholders to look at what we can use the money for and excited to bring yet more investment to Ynys Môn.
“It is imperative that the council makes this money work for our communities within the timeframe so that Anglesey benefits as much as possible from the support on offer.”
The new £2.6billion fund succeeds the old EU structural funds.
The money will go straight to places across England, Scotland, Wales and Northern Ireland to invest in three priorities: communities and place, support for local businesses, and people and skills.
Investment plans from local authorities must be submitted by the start of August to be considered for the funding.
Members of the UK Parliament should be closely engaged in the design and delivery of the fund.
In most cases, all MPs in the area should be invited to join the local partnership group.