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13/01/2022

Mid Wales Growth Deal is signed off

Words: Laura Edgar
Brecon, Powys / Colin Burdett, Shutterstock_1784335805

The Welsh and UK governments, alongside the representative local authorities, have signed the Final Deal Agreement for the Mid Wales Growth Deal.

The deal comprises a combined investment of £110 million and is expected to leverage further investment from other public and private sector sources.

The local authorities involved are Ceredigion County Council and Powys County Council.

Programmes and projects that will be supported by the growth deal should bring social and economic benefits, such as enhanced quality of life, creating business opportunities following the Covid-19, decarbonisation in industry and consideration of climate change impacts.

The potential outcomes of the deal include the creation of between 1,100 and 1,400 jobs by 2032 and support a net additional GVA uplift of between £570 million and £700 million for the Mid Wales economy by 2032.

Ellen ap Gwynn, leader of Ceredigion County Council and joint chair of the Growing Mid Wales Board, said: “We’d both like to thank the UK Government and Welsh Government for the support and commitment shown to ensure this hugely significant investment for Mid Wales. Both Rosemarie [Harris] and myself have worked tirelessly over recent years to ensure this investment turned into a reality, and this signing at last marks the final phases of development before the funding can start flowing.

Harris, leader of Powys County Council, added: “We’ve worked hard to secure this investment in what has been a challenging period as businesses and the public sector have responded to the Covid-19 pandemic.”

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