The Welsh Government has today (22 March 2026) set out its plans for the £547 million Local Growth Fund, which will be used to boost the Welsh economy.
On a visit to Ebbw Vale, the First Minister will announce details of the Investment Plan, endorsed by the Welsh and UK governments, over the next 3 years, which sets out the financial allocations for each priority area and for each of the 4 Welsh regions.
The Local Growth Fund will be allocated across 3 priorities - supporting productive and competitive businesses, increasing skills and helping people into work, and building infrastructure.
The Fund is designed to empower Wales’ regions and target areas with the greatest need to increase productivity, help businesses grow and create better paid jobs.
Following the funding agreement with the UK government, money will be allocated based on tailored spending plans which will set out the opportunities and needs in those regions. Investment will reflect regional economic strengths and opportunities, such as advanced manufacturing and clean energy.
For further information please select the following link: Control of £547 million Local Growth Fund returns to Wales | GOV.WALES.