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THE Mid Wales Growth Deal has reached a significant milestone with the signing of the Heads of Terms by the Welsh Government, UK 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 Welsh and UK Governments to back the growth deal with a £55m investment each. The growth deal has been developed from the Vision for Growing Mid Wales which was published earlier this year and set out the broader economic strategy for the region. It will play a vital role in unlocking and attracting further investment from the public and private sectors.
A £110 million plan to transform Mid Wales has been signed off by the UK and Welsh Governments. The Mid Wales Growth Deal reached a significant milestone today (Tuesday, 22 December) as Heads of Terms were signed by by the Welsh Government, UK Government and the local authorities involved – Powys and Ceredigion Councils. The deal commits both the Welsh and UK Governments to each back the growth deal with a £55m investment. The partners in the deal will now move on to identifying specific projects which would benefit from investment, and eight broad areas have been identified. In a joint statement, the leaders of Ceredigion and Powys County Councils, Cllrs Ellen ap Gwynn and Rosemarie Harris, said “This is a significant milestone for us in Mid Wales, showing the dedication and commitment to the region of all partners – and is a very positive development at the end of a very difficult year.
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