Senior officials from both the UK and Welsh Governments gathered at the Royal Welsh Showground on Monday, July 21 to review progress on the Mid Wales Growth Deal and reaffirm their commitment to further investment in the region.

With over £110 million jointly pledged by the two governments, the Growth Deal aims to unlock more than £400 million in total investment, support up to 1,400 jobs, and boost productivity across Mid Wales. As key projects move into the delivery phase over the next year, momentum is building around initiatives to improve infrastructure, support local businesses, and drive sustainable economic growth.

Recent achievements include the launch of a new Commercial Property Investment Fund to develop high-quality business spaces, approval of digital connectivity projects to improve broadband in rural areas, and progress in tourism and foundational sector innovation.

The Growth Deal forms part of a wider package of initiatives led by Growing Mid Wales (GMW), which also includes UK Shared Prosperity Fund investments for regeneration, clean energy projects, skills training aligned with local employers, and the development of a Regional Transport Plan to enhance connectivity.

Together, these efforts aim to address long-standing challenges and harness the region’s unique strengths for long-term economic resilience.

In a joint statement, Councillor Bryan Davies, Leader of Ceredigion County Council and Councillor Jake Berriman, Leader of Powys County Council, joint Growing Mid Wales Board Chairs, said: "We’ve reached important milestones through the Growth Deal, but that’s just part of the story. By building on our strengths and working collaboratively, we’re securing wider investment and laying the foundations for a more prosperous, better-connected Mid Wales.

“We’re proud of the progress made not only through the Growth Deal, but across our broader regional work – from energy to skills and regeneration.”

“We look forward to working with both governments to realise future opportunities as part of the new UK industrial strategy and any further investment to continue delivering our shared ambitions for Mid Wales,” they added.

Wales Office Minister Dame Nia Griffith said: "The UK Government is proud to invest in the future of Mid Wales through the Growth Deal, helping us achieve our mission of economic growth for every part of Wales.”

“We are already seeing positive results, and by continuing to work closely with local partners, we can ensure the region thrives and there are good opportunities for generations to come,” she said.

Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said: “The £55m Welsh Government contribution into the Mid Wales Growth Deal will foster the right conditions to promote economic prosperity and enable businesses to flourish in Mid Wales.

“It will unlock the region’s significant potential, create quality jobs, and deliver lasting benefits for communities.”

The recent visit formed part of Growing Mid Wales’ presence at the Royal Welsh Showground.

More information about Growing Mid Wales - including the Mid Wales Growth Deal and the Mid Wales Regional Skills Partnership - can be found by visiting the website: www.growingmid.wales