The Welsh Government has confirmed that responsibility for the £547 million Local Growth Fund will return to Wales from April 2026.
The fund will run for three years and will support economic growth by investing in businesses, skills, and infrastructure across the country. The Welsh Government will lead on planning and allocation, with local authorities and partners playing a key role in identifying priority projects.
The fund will run for three years and will support economic growth by investing in businesses, skills, and infrastructure across the country. The Welsh Government will lead on planning and allocation, with local authorities and partners playing a key role in identifying priority projects.
The First Minister, Eluned Morgan, said:
“Our new Local Growth Fund for Wales is a significant opportunity to support businesses and social enterprises to grow, export and innovate… By tackling barriers such as access to finance and encouraging investment in research and development, we can help create a more competitive and resilient economy in Wales.”