Businesses in Newtown and throughout the area are critical to the success of the Mid Wales Growth Deal.
That was the message from Ken Skates AM, Economic Minister, who was in the area on Friday. He and Lord Bourne met with leaders of the Growing Mid Wales partnership to hear of the progress being made by the region in developing a Mid Wales growth deal.
The minister and Lord Bourne met with the regions newly formed Economy Strategy Board, set up by the region to ensure that the private sector has a key role in
Economy Minister Ken Skates said: I’m pleased
"This pace needs to be maintained so emerging proposals can be firmed up in more detail.
"Private sector involvement in the deal, in the shaping of proposals - is critical to the success of any future Mid Wales Growth Deal."
He added: "Proposals for the Growth Deal need to be ambitious and involve the private sector in their development. They need to demonstrate additionality and must not be about “more of the same.
"We will continue to work closely and constructively with the Growing Mid Wales Partnership, regional stakeholders, and
"Deals offer the opportunity to unlock additional Treasury funding to support interventions that can deliver economic growth.
"But they should not be seen as simply project funding vehicles. They are critical tools in providing a framework allowing regions to drive a new way of collaborative working, setting priorities as a single voice and delivering key functions at a strategic level."
Photo: Ken Skates AM, Economic Minister, with Glyn Jones, a director at Invertek Drives Ltd during a visit to north Powys on Friday