£500m fund to boost regional economy
October 13, 2025
|Western Mail
THE UK Government has announced a £500m growth fund for Wales.
The Local Growth Fund replaces money that used to come from the European Union.
It will see half a billion pounds invested over three years, starting in April 2026. Unlike with Levelling-up money under the last UK Government, the powers to allocate the cash will lie in Wales rather then England.
The UK Government said this honoured a manifesto commitment to restore decision-making to the country on money that previously came from the EU.
The Welsh and UK governments have agreed a framework which will set priorities and processes for allocating the funds, with a delivery plan developed and led by the Welsh Government.
As with Levelling-up, local authorities and other partners will have a key role in deciding how the funding is spent. Later this month, the Welsh Government will consult on the best way to use this funding.
This will be on top of the Growth Deals agreed by Welsh Government and the last UK Government.
The Welsh Government said it is keen to understand how it can best:
هذه القصة من طبعة October 13, 2025 من Western Mail.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Western Mail
Western Mail
Man stabbed in row over loud music being played
A DRUNKEN man stabbed his sister’s partner with a screwdriver after an argument broke out when he was asked to turn down loud music he was playing.
1 mins
December 19, 2025
Western Mail
Belgium demands guarantees as EU mulls Ukraine loan
BELGIUM has insisted its European Union partners must provide ironclad guarantees that it will be protected from Russian retaliation before it would back a massive loan for Ukraine.
3 mins
December 19, 2025
Western Mail
Plans could see police forces merge
THE prospect of merging Wales' four police forces into a single mega-force has resurfaced, as politicians scrambled to respond to reports of an overhaul of policing in the new year.
2 mins
December 19, 2025
Western Mail
Deepfake action to tackle violence against women
THE UK Government will crack down on deepfake abuse online as the safeguarding minister vowed “change is coming” under plans to halve violence against women and girls (Vawg) in a decade.
1 mins
December 19, 2025
Western Mail
Comedian Diane the purr-fect patron for cats rescue charity
COMEDIAN and actress Diane Morgan has become a patron for a Welsh cat rescue charity.
3 mins
December 19, 2025
Western Mail
'England haven't let Stokes down'
BEN
2 mins
December 19, 2025
Western Mail
Ex-Wales star lands meaty Tesco deal
FORMER
2 mins
December 19, 2025
Western Mail
Anderson took a chance on a move to Wales and it’s paying off handsomely
THE days of Welsh clubs signing big-name Southern Hemisphere players are in the past but Fletcher Anderson has certainly made a significant impact since swapping New Zealand's South Island for Llanelli.
4 mins
December 19, 2025
Western Mail
Funding boost for ex-Tata workers
THE UK Government has announced that businesses and workers affected by changes at Tata Steel in Port Talbot will be able to access an extra £22m in support.
2 mins
December 19, 2025
Western Mail
Matos will find a way to unlock potential of Key man
VITOR Matos has backed 'wonderful' fullback Josh Key to rediscover his best form in a Swansea City shirt.
3 mins
December 19, 2025
Listen
Translate
Change font size

