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Mid Wales Growth Deal

Introduction

The Mid Wales Growth Deal plays a key role in catalysing economic recovery and growth in the Mid Wales economy, with the aim of supporting job creation and increasing productivity and wider societal and environmental ambitions.

The Deal is set within the broader Vision for Growing Mid Wales, and will play a key role alongside a range of other strategies and investments from the public and private sector to bring prosperity to the communities and businesses of the region.

In December 2020, both Governments together with Ceredigion and Powys County Councils signed the Heads of Terms of a £110m Growth Deal. In January 2022, the Final Deal Agreement of the Mid Wales Growth Deal was signed by the Welsh Government, UK Government and the region's local authorities, Ceredigion County Council and Powys County Council. These mark the commitments of all parties to deliver a Deal to support the Mid Wales economy.

The signing of the agreement means that the delivery framework of the Growth Deal is now in place to allow Programme and Project Business Cases to come forward.

Mid Wales Growth Deal Programmes

The Growth Deal Portfolio

The Growth Deal is being brought forward in the form of a Portfolio. In September 2021, the Growing Mid Wales Board approved the Portfolio Business Case. The Portfolio's framework for the Growth Deal and initial set of Programmes and Projects were reviewed by the UK and Welsh Government.

The Portfolio has been scoped from the eight broad strategic growth priority areas that were outlined in the Vision for Growing Mid Wales:

                                                                                                                                                     

Petal icons for each of the eight strategic growth priority areas of the Growing Mid Wales vision

The Portfolio development approach considers a wide range of options and priorities before agreeing to any programmes or projects. It also means that the Portfolio is reviewed on a regular basis - to ensure that what is being delivered remains relevant to the economic needs of the region. This means that the Portfolio will develop a number of programmes and projects which align to the Strategy and deliver transformational change for the Mid Wales economy.

Portfolio development table

STRATEGY

STRATEGY

STRATEGY

STRATEGY

UK GOVERNMENT

(Policies, Strategies, Funding & Delivery)

WELSH GOVERNMENT

(Policies, Strategies, Funding & Delivery)

MID WALES

Vision for Growing Mid Wales & Delivery

LOCAL

Local plans, Strategies & Delivery

PORTFOLIOS

PORTFOLIOS

PORTFOLIOS

PORTFOLIOS

Mid Wales Growth Deal

Mid Wales Growth Deal

Other Regional Investment Portfolios (e.g., Regeneration, Skills, Transport, etc)

Other Regional Investment Portfolios (e.g., Regeneration, Skills, Transport, etc)

PROGRAMMES

PROGRAMMES

PROGRAMMES

PROGRAMMES

Programme (s) (to be defined)

Thematic Programme (s)

Other Regional Programmes

Other Regional Programmes

PROJECTS

PROJECTS

PROJECTS

PROJECTS

Project (s)

Project (s)

Other Regional Projects

Other Regional Projects

 

Currently the shortlisted set of Programmes and Projects within the Portfolio Business Case cover a range of investment proposals across a number of themes - digital, tourism, agriculture food & drink, research & innovation and supporting enterprise.

Further feasibility studies on the programme areas will be published on the website so they can be be subject to engagement with key stakeholders as they are developed to determine the next steps. For example, the innovative feasibility study, which explores the future hydrogen potential for Mid Wales. 

The development of the Portfolio is governed by a number of stakeholder groups - outlined in the Governance section of the website. This includes regular updates and engagement at key stages with broader groups and interests, to ensure development is done so with strong input and steer throughout. To guarantee the success of the Growth Deal will be a collective endeavour across all regional partners, with strong private sector input. A new Economic Advisory Group (EAG) consisting of senior, experienced business leaders has been established, to ensure there is continued advice and guidance to enable the Deal's potential to be maximised.

Is there an opportunity to get involved?

Whilst the Portfolio is currently proceeding with a set of initial proposals, there may be an opportunity for other proposals to be considered therefore we would encourage you to discuss any proposals with your Local Authority Economic Development team in the first instance. Proposals need to demonstrate a strong alignment with the Strategy, and the objectives and criteria set out in the Portfolio Business Case.

The Growth Deal is not a grant fund, it is a capital programme of funding that requires significant development work upstream of any funding decisions. The Strategy and Portfolio documents set out the region's objectives and criteria for developing programme and project proposals, with a clear rationale and evidence baseline behind it.

There is no capacity/development funding available to develop project proposals. Due to the nature of the funding requirements, we can only look to support robust proposals that offer significant economic outputs aligned to the Strategy and criteria set out in the Portfolio.

The Growth Deal is expected to run for a period for a number of years - and the economy, society and businesses in the region will change during that time. The Portfolio will be regularly reviewed, to ensure the right mix of programme and projects are being developed and delivered. The door is always open for good proposals, and the Portfolio approach ensures that there is a mechanism to identify the appropriate funding channels for ideas coming forward on a continual basis.

A regional Portfolio Management Office (PMO) was established in Summer 2021 to deliver the Growth Deal. To get in touch with the team please see the 'Meet The Team' section of this website.

Further information on the Deal will be published on this website as it develops. If you are interested in keeping abreast of the decision-making behind the Deal, the Growing Mid Wales Board papers are all available online.

Mid Wales Growth Deal Programmes

The Growth Deal is being brought forward in the form of a Portfolio. The Portfolio currently has two Programmes: Digital and Sites & Premises.
See more (Go to Mid Wales Growth Deal Programmes)
Digital Programme

Digital Programme

The Growing Mid Wales Digital Programme aims to capitalise on the economic opportunities that can be unlocked by investing in digital infrastructure in order to address deficits in digital connectivity, drive the uptake of new technologies amongst the region's businesses and to improve the services that already exist.
See more (Go to Digital Programme)
The Sites & Premises Programme

The Sites & Premises Programme

The focus of the Sites & Premises Programme is to stimulate property investment in the Mid Wales region to support our buoyant and varied industry sectors ensuring the right supply and location to meet business needs.
See more (Go to The Sites & Premises Programme)

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