1. User Guide

1.1   Overview

1.1.1 Generally

To ensure the continued success of the Mid Wales Growth Deal (MWGD), the Growing Mid Wales Board must consider contingency planning in the event that some projects fail to progress or deliver their expected benefits. A comprehensive review of the current portfolio will help identify underperforming initiatives and determine whether certain projects should be discontinued early under a 'fail fast' approach.

At the same time, there is a valuable opportunity to introduce new projects into the MWGD portfolio. Any prospective project must clearly demonstrate strategic alignment with the Growth Deal's investment objectives and show readiness to mobilise at pace. A set of critical success factors will guide the consistent and transparent assessment of these candidate projects.

Building a robust pipeline of well-aligned, investment-ready projects will enable the Board to respond quickly to emerging opportunities. Supporting viable initiatives while preparing credible alternatives will provide assurance to both the Board and government partners that MWGD funding is being deployed with maximum impact, agility, and strategic intent.

1.1.2 Our Investment Objectives

Mid Wales Growth Deal will deliver the following outcomes by 2032:

• Broadening our Economy: Developing new opportunities from our assets - focusing on high value and growth supporting opportunities.

o   To create between 1,100 and 1,400 net new Full Time Equivalent (FTE) jobs in Mid Wales through the Growth Deal by 2032

o   To support a net additional Gross Value Added (GVA) uplift of between £570 million and £700 million for the Mid Wales Economy through the Growth Deal by 2032

o   To deliver a total investment of £280 million to £400 million in the Mid Wales Economy through the Growth Deal by 2032

• A minimum of £170 million in private sector investment
• Strengthening our Economy: Supporting our existing industries and workforce to become more resilient through capacity building and creating the right conditions for future growth.
• Connecting our Economy: Improving digital and connectivity within, across and outside the region to ensure the region is attractive to work, live and play.

1.1.3 Is this right for your organisation?

Is your project ready to help shape the future of mid Wales?  We're looking for ambitious, strategically aligned projects to join the Growing Mid Wales (GMW) Pipeline. Ask yourself:

• Is your organisation driving transformational change that will positively impact the regional economy?
• Does your project align with the Mid Wales Growth Deal's investment objectives?
• Can your project be developed and delivered within the Growth Deal's timeframe?
• Will MWGD support enable your project to be more ambitious and deliver greater benefits?

If you answered yes to any of the above, your project could be a strong candidate for inclusion in the GMW Pipeline.

By submitting your proposal, you'll help ensure Mid Wales is ready to act quickly when funding opportunities arise - strengthening our portfolio and accelerating regional growth.