Latest news with #MidWalesCommercialPropertyInvestmentFund
Business News Wales
22-07-2025
- Business
- Business News Wales
Leaders Reflect on Growth Deal and Wider Investment in Mid Wales
Senior representatives from the UK and Welsh Governments joined Growing Mid Wales (GMW) at the Royal Welsh Showground to reflect on the continued progress being made across the region – and to reaffirm their shared commitment to unlocking further investment and opportunity. With many initiatives gearing up to enter the delivery phase over the next 12–15 months, momentum is building across the Growth Deal as Mid Wales looks to the future and the discussion focused on how joint working continues to drive economic development in the region. The Mid Wales Growth Deal remains a cornerstone of regional investment, with over £110 million jointly committed by the UK and Welsh Governments. The investment is expected to unlock over £400 million in total investment, support between 1,000 and 1,400 jobs, and contribute to raising productivity and GDP across the region. Over the last 12 months, the Deal has continued to move forward, with key achievements including: The launch of the Mid Wales Commercial Property Investment Fund, providing targeted support to develop high-quality commercial space across the region. Full business case approval for projects through the Digital Programme, helping to improve broadband connectivity in rural and hard-to-reach areas. Progress within key areas such as tourism, fostering innovation and resilience in foundational sectors. The Growth Deal is part of a broader, integrated and complementary set of initiatives being driven by GMW – designed to tackle long-standing challenges while building on the region's unique strengths and assets. Together, these initiatives are helping to create the conditions for sustainable and inclusive economic growth. Beyond the Growth Deal, the region has also made significant strides through other GMW activity: Investment from the UK Shared Prosperity Fund (UKSPF) is supporting place-based regeneration and local business growth. Energy projects are developing new models for clean, rural energy systems through innovation funding. The Mid Wales Regional Skills Partnership continues to align training with employer needs, and Work is underway on a new Regional Transport Plan to improve connectivity across Mid Wales. 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.' 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.' Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said: 'The £55 million 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 visit formed part of Growing Mid Wales' presence at the Royal Welsh Showground, showcasing how investment and partnership are helping the region thrive.
Powys County Times
05-05-2025
- Business
- Powys County Times
£4m Powys business fund is launched at Abermule event
A £4 million pot has been launched to help businesses in Powys to expand. 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. The issue is considered by officials to be one of the key challenges facing growing businesses in the region. A launch event held at CMD Ltd - part of yacht parts company Makefast Group and based at Abermule Business Park - brought together businesses from across the region to highlight the fund. Businesses heard how CMD had expanded into its new home backed by Powys County Council and Welsh Government in 2022. Councillor Bryan Davies, leader of Ceredigion County Council, and Councillor 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." CMD managing director Jack Miller added: 'We were delighted to host the launch of this important initiative. "The Mid Wales Commercial Property Investment Fund presents a valuable opportunity for companies in the region to expand and thrive, contributing to the overall prosperity of our community.' Welsh Government cabinet secretary for economy, energy and planning, Rebecca Evans, said: 'By addressing the critical infrastructure needs of growing enterprises, we are not just supporting individual businesses but strengthening the entire regional economy. "This investment, through a £55m Welsh Government contribution into the Mid Wales Growth Deal, will help unlock potential, create quality jobs, and build a more resilient economic future for communities across Mid Wales.' The launch event was fully booked. but a follow-up webinar will be held on Thursday, May 15, from 2.30pm until 4pm, providing the same information about the fund, including how to apply. To register email growingmidwales@ Eligible applicants must be private businesses that are formally constituted as a company or a partnership, and operate in specific sectors including construction, electrical and plumbing, information and communications, manufacturing, professional services, real estate, and wholesale, retail and motor trade. The fund is not open to speculative property developers, public bodies, or charities.
Business News Wales
02-05-2025
- Business
- Business News Wales
Mid Wales Commercial Property Fund Launches to Boost Business Growth
A brand-new capital investment fund to support business growth and expansion across Mid Wales has been launched. 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 at CMD Ltd (part of the Makefast Group), Abermule Business Park, 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 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, Councillor Bryan Davies, Leader of Ceredigion County Council, and Councillor 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.' Jack Miller, Managing Director, CMD Ltd added: 'We were delighted to host the launch of this important initiative. The Mid Wales Commercial Property Investment Fund presents a valuable opportunity for companies in the region to expand and thrive, contributing to the overall prosperity of our community.' Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said: 'The Commercial Property Investment Fund shows our commitment to creating the right conditions for businesses to flourish in Mid Wales. By addressing the critical infrastructure needs of growing enterprises, we are not just supporting individual businesses but strengthening the entire regional economy. This investment, through a £55 million Welsh Government contribution into the Mid Wales Growth Deal, will help unlock potential, create quality jobs, and build a more resilient economic future for communities across Mid Wales.' Wales Office Minister Dame Nia Griffith said: 'I'm delighted that money from the UK Government funded Mid Wales Growth Deal is being used to help businesses expand and find new premises via the Commercial Property Investment Fund. The UK Government has made economic growth the key mission of our Plan for Change, and we are driving that forward in every part of Wales, helping remove barriers to growth and supporting businesses to create new jobs.' Due to high demand, the launch event was fully booked. However, a follow-up webinar will be held on Thursday, 15th May, from 2:30 to 4:00pm. 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: growingmidwales@ The fund is targeted at specific business sectors. Eligible applicants must be private businesses that are formally constituted as a Company (Limited Company or Limited by Guarantee) or a Partnership (with a Partnership Agreement), and operate in specific sectors including Construction, Electrical and Plumbing, Information and Communications, Manufacturing, Professional Services, Real Estate, and Wholesale, Retail and Motor Trade. The fund is not open to speculative property developers, public bodies, or charities. Further information about the fund is available here .
