Question to the Wales Office:

To ask His Majesty's Government, with regard to the Mid Wales Growth Deal, how much has been spent to date by (1) the UK Government, and (2) the Welsh Government; how many new jobs have been created; and which sectors and local authority areas those jobs are in.

The UK Government is working in full partnership with the Welsh Government to co-invest in the delivery of four City and Regional Growth Deals across Wales. The Mid Wales Growth Deal was signed in 2022 by the UK Government, Welsh Government, Ceredigion County Council and Powys County Council.

Over its 10 to 15-year lifetime, the Deal aims to deliver £280-400 million in capital investment. To support these aims, the UK Government has committed to a £55 million contribution and the Welsh Government have matched this commitment with a contribution of £55 million. Additional investment is sought by the Deal from the public and private sectors.

The Mid Wales Growth Deal recently entered into its delivery phase and will report on its spend and jobs creation at the end of the current quarter. The City and Growth Deals invest in large-scale capital investments, which by nature take longer to deliver employment outcomes. As capital investments near completion, there will be an acceleration in job creation in line with projected outcomes. For example, the recently launched Mid Wales Commercial Property Investment Fund is already supporting businesses to invest in new or expanded premises - tackling one of the key challenges facing growing enterprises in the region. The Deal continues to develop its portfolio in order to meet the needs of this unique region, it will focus on the following key themes building on the existing strengths of the region:

• Tourism
• Food
• Skills
• Digital
• Applied Research & Innovation
• Land and Property

The UK Government’s investment and collaboration with the Welsh Government will kickstart sustained economic growth in Mid Wales and unlock new opportunities for people and businesses across the region.