Dyfed-Powys Police have seen an increase in community concerns of speeding across the Force area.
The funding will also enable Go Safe to encourage increased volunteer engagement in communities as they look to develop more CSW teams.
Police and Crime Commissioner Dafydd Llywelyn said: “We are hearing more concerns of speeding in our communities these days, and as a result we are encouraging more volunteers and partners to work with the Police to improve road safety.
“The Welsh Government are proposing to introduce 20mph speed limits into every residential areas in Wales by 2023, which will inevitably cause an increase in demand for the Police and Go Safe.