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Fight on the cards for millions of pounds of cash?

 
Created on 20/12/2017 @ 08:45
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A fight could be on the cards to get millions of pounds of extra funding into Montgomeryshire as part of a Mid Wales Growth Deal.

In October the Chancellor told MPs in Westminster he supported a growth deal for the region, like those in South Wales.

But yesterday, the Welsh Government only "accepted in principle" the plan, rather than supporting the proposal.

The National Assembly for Wales' Economy, Infrastructure & Skills Committee, which is chaired by Montgomeryshire AM, Russell George, recently published its recommendations following an inquiry into City Deals and the Regional Economies of Wales.

The Welsh Government has now "accepted in principle" the Committee recommendation which called on the Welsh Government to engage with a wide cross section of communities between the Valleys and the A55 corridor, and along Wales’ west coast, to decide what practical measure should be included in a Mid Wales Growth Deal.

In its response, the Welsh Government welcomed the UK Government’s commitment to explore a growth deal for Mid Wales and has said that it would welcome details from the Growing Mid Wales Partnership on how a deal could grow the economy of Mid Wales.

But it could mean the area will have to fight to get extra cash into the area following the luke warm response from the Welsh Government.

Commenting on the Welsh Government's response, Montgomeryshire AM and Chair of the National Assembly's Economy and Infrastructure Committee, Russell George, said: "Following the Chancellor's support for a Growth Deal in November's Budget, I am pleased that the Welsh Government has followed suit by cautiously welcoming the recommendation that a Mid Wales Growth Deal is established to stimulate economic growth in Mid Wales.

"However, I am disappointed that the Welsh Government felt that it could only accept the recommendation "in principle" and it will be important to understand the reasoning behind their reservations.

"It will also be essential for the region, through the Growing Mid Wales Partnership to make a strong case for a Growth Deal to both the UK and Welsh Governments to persuade them of the benefits a regional deal could have for Mid Wales.

"New regional deals in Cardiff, Swansea and North Wales will deliver billions of pounds worth of investment and will see better transport links, better broadband connectivity and other programmes to boost innovation, create employment and raise living standards.

"I firmly believe that Mid Wales deserves the same kind of investment to transform our economic fortunes and integrate Mid Wales into the wider Midlands economic engine."

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