A brand-new capital investment fund to support business growth and expansion across Mid Wales was officially launched last week.

The event was Thursday, May 1 at CMD Ltd (part of the Makefast Group), Abermule Business Park.

The Mid Wales Commercial Property Investment Fund, launched through the Mid Wales Growth Deal (Growing Mid Wales), aims to help businesses invest in new or expanded premises – tackling one of the key challenges facing growing enterprises in the region. It is a limited fund of £4 million at this stage.

The launch event brought together businesses from across the region to learn more about the fund.

During the event, businesses heard how CMD successfully expanded into their new home through the support of Powys County Council and the Welsh Government. Attendees also took a tour of their site, which they moved into in 2022, to see first-hand how investment in commercial premises can support business growth in Mid Wales.

Speaking at the event, Cllr Bryan Davies, Leader of Ceredigion County Council, and Cllr James Gibson-Watt, Leader of Powys County Council, Co-Chairs of the Growing Mid Wales Board, said: "This fund is a significant step in supporting business growth across Mid Wales. By providing targeted investment in commercial premises, we are helping businesses expand, create jobs, and strengthen the regional economy. Ensuring access to suitable infrastructure is vital for sustainable development."

Due to high demand, the launch event was fully booked. However, a follow-up webinar will be held on Thursday, May 15, from 2:30pm to 4pm. This online session will provide the same key information about the fund, including how to apply, and is open to all interested businesses. To register for the webinar, email: [email protected]

Further information about the fund is also available at: https://bit.ly/MidWalesCPIF