The Growing Mid Wales Board has given thanks to representatives from the private sector for their contribution towards the development of the Mid Wales Growth Deal bid, which is set to see £110m invested by Welsh and UK Governments in the region.
The Economic Strategy Group was brought together to help shape the Vision for Growing Mid Wales strategy document, published in May 2020. This has set out the context and roadmap to the Mid Wales Growth Deal - a catalyst to economic recovery and growth in the region's economy, with the aim of supporting job creation and increasing productivity and wider societal and environmental ambitions.
Acting in an advisory capacity, the Economic Strategy Group provided the voice of the private sector in the development of the Vision and the subsequent strategic Portfolio that was agreed on 21 September by the Growing Mid Wales Board to submit to Government.
Leader of Powys County Council, Cllr Rosemarie Harris said: "The Mid Wales Growth Deal has passed a significant milestone this week with the approval of the draft Portfolio Business Case to be submitted to UK and Welsh Governments. We would like to publicly thank all representatives of the Economic Strategy Group who have played a significant role in the work so far. Their significant experience of running successful businesses in the region helped ensure that we were focusing on the right strategic priorities and issues."
Leader of Ceredigion County Council, Cllr Ellen ap Gwynn said: "As we move forward to the next phase of the deal, the voice of the business community remains central. A new mechanism will be established quickly to engage with the private sector to ensure that we continue to have appropriate and timely strategic advice from the private sector to help shape the detail of the investments as programme and project detail materialise."
They both added: "As a region, we are embarking on a long journey together and there will be significant work to do ahead in the coming months and years. However, we are now confidently starting that journey in earnest and look forward to seeing the Growth Deal move from development to delivery."