The UK Government and other partners sign Heads of Terms for the Mid Wales Growth Deal.
The Mid Wales Growth Deal reached a significant milestone this week (Tuesday, 22 December) with the signing of the Heads of Terms by the UK Government, Welsh Government and the region’s local authorities.
The signing demonstrates a commitment by both governments and the local authorities to work together to deliver a deal to support the economy of the region.
It also commits both the UK and Welsh Governments to back the growth deal with a £55m investment each, totalling £110 Million.
The region can now progress to the next stage which includes bringing forward more detailed proposals in the form of a Portfolio Business Case which will be developed from eight priority areas for intervention, including digital connectivity, applied research and innovation, energy, skills and employment, business support, transport, agriculture, including food and drink and a strengthened tourism identity.