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£500m fund to boost regional economy
Western Mail
|October 13, 2025
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:
Esta historia es de la edición October 13, 2025 de Western Mail.
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