Any revenue loss to the GRF would also decrease the amount of tax revenue that will be deposited to the Local Government Fund (LGF) and the Public Library Fund (PLF) for distributions to counties and local governments.

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Library supporters have welcomed the fund but fear the cuts are too strict.

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French President Jacques Chirac took up the cause, and last month six countries petitioned the European Union to fund an alternative library scanning initiative.

FORBES

Projects which have benefited from the fund include a new circular road linking Aberystwyth University and the National Library of Wales, along with a new bus service.

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