Welsh Government launches consultation on £547m Local Growth Fund
The Welsh Government has launched a six-week public consultation on proposals for a new Local Growth Fund, which will invest £547m over three years to support regional economic development in Wales. For the first time since the UK’s exit from the EU, responsibility for regional economic development decisions will return to the Welsh Government, which will design and implement an Investment Plan in collaboration with the UK Government to ensure alignment with UK-wide growth objectives. The consultation seeks views on the fund’s principles, priorities, objectives, and delivery model ahead of its planned launch in April 2026. The consultation will close on 19 December 2025.