The UK and Welsh governments have confirmed the release of £11.8 million of funding for Mid Wales as part of an investment package aimed at boosting the regional economy.
The announcement came as Ministers this week toured the first project to secure support from the Mid Wales Growth Deal, which is backed by £110 million from both governments – aimed at attracting further investment from the public and private sectors.
The visit to the Elan Valley Lakes development – which aims to set a new benchmark for sustainable tourism – marked a significant step forward for the Deal as projects begin to move from planning to delivery.
The first package of work, which will enhance the visitor experience, boost local revenue, and safeguard the natural beauty and biodiversity of the Elan Valley, will focus on two key areas:
- Celtic Rainforest Expansion – Connecting and restoring 117 hectares of fragmented woodland as part of the National Forest for Wales.
- Visitor Centre Design – Initiating redevelopment designs to enhance the visitor experience, integrating environmental education and sustainable practices.
This first phase alone is projected to deliver an annual economic impact of £4 million, with an estimated £17 million contribution to the regional economy by 2040.
For further information please select the following link: Extra £11.8 million unlocked for Mid Wales Growth Deal as first project takes shape | GOV.WALES