Exciting news for Wales – a £500m Local Growth Fund is on its way from the UK Government, set to kick off in April 2026! 🎉 This investment, replacing previous EU funds, places decision-making power right here in Wales, ensuring that the fund addresses our specific needs.
Expect a strong focus on boosting Welsh businesses and creating more job opportunities. The aim? To get more people into work, improve skills, and support businesses in high-growth sectors like AI, low-carbon energy, and digital innovation. 🌱💡
The Welsh Government is preparing to consult on how best to use this funding. From supporting key industries and innovation to tackling challenges like energy efficiency and sustainable transport, there’s a major push for green infrastructure and local regeneration. 🌍🚗
First Minister Eluned Morgan and Secretary of State for Wales Jo Stevens are both committed to ensuring that the funds drive tangible growth and prosperity across Wales. They are eager to see investment in areas that matter most to our communities.
Rebecca Evans, Cabinet Secretary for Economy, Energy and Planning, emphasised the urgency to work with regional partners to prioritise investments. This is a big opportunity to elevate our regional growth and productivity while addressing economic inequalities.
Stay tuned for more updates on how this transformative investment will shape a brighter future for Wales. Let’s make it count! 💪📈