£4m property investment fund launched to boost mid Wales business growth

A new £4 million investment fund aimed at tackling one of Mid Wales’ most pressing business challenges – access to suitable commercial premises – has officially launched, with hopes of stimulating regional growth and job creation.

The Mid Wales Commercial Property Investment Fund, part of the Mid Wales Growth Deal delivered through Growing Mid Wales, was unveiled on Wednesday, 1 May 2025 at CMD Ltd’s facility on Abermule Business Park near Newtown.

The initiative is designed to help private sector businesses expand into new or larger premises, addressing infrastructure constraints that are often a barrier to growth in the region. The limited fund is open to businesses operating in key sectors, including manufacturing, construction, professional services, and ICT.

At the launch event, business leaders from across Mid Wales gathered to hear more about the funding opportunity and see how CMD Ltd – part of the Makefast Group – has benefited from similar investment support in their move to a larger site in 2022.

CMD Managing Director Jack Miller said: “We were delighted to host the launch of this important initiative. The Mid Wales Commercial Property Investment Fund presents a valuable opportunity for companies in the region to expand and thrive, contributing to the overall prosperity of our community.”

The fund has backing from both the Welsh and UK Governments through the Mid Wales Growth Deal. Speaking at the event, Councillor Bryan Davies, Leader of Ceredigion County Council, and Councillor James Gibson-Watt, Leader of Powys County Council, said in a joint statement:

“This fund is a significant step in supporting business growth across Mid Wales. By providing targeted investment in commercial premises, we are helping businesses expand, create jobs, and strengthen the regional economy. Ensuring access to suitable infrastructure is vital for sustainable development.”

The fund also received support from Welsh Government’s Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, who said: “The Commercial Property Investment Fund shows our commitment to creating the right conditions for businesses to flourish in Mid Wales.

“By addressing the critical infrastructure needs of growing enterprises, we are not just supporting individual businesses but strengthening the entire regional economy. This investment, through a £55m Welsh Government contribution into the Mid Wales Growth Deal, will help unlock potential, create quality jobs, and build a more resilient economic future for communities across Mid Wales.”

Wales Office Minister Dame Nia Griffith welcomed the use of UK Government Growth Deal funding for the initiative, adding: “I’m delighted that money from the UK Government funded Mid Wales Growth Deal is being used to help businesses expand and find new premises via the Commercial Property Investment Fund.

“The UK Government has made economic growth the key mission of our Plan for Change, and we are driving that forward in every part of Wales, helping remove barriers to growth and supporting businesses to create new jobs.”

Due to high demand, the launch event was fully booked. A follow-up webinar has been scheduled for Thursday 15 May, from 2:30pm to 4:00pm, to provide key information about the fund and the application process. Businesses can register by emailing growingmidwales@ceredigion.gov.uk.

Fund Eligibility

To apply, businesses must be formally constituted as a Limited Company or a Partnership, and operate in one of the following sectors:

• Construction
• Electrical and Plumbing
• Information and Communications
• Manufacturing
• Professional Services
• Real Estate
• Wholesale, Retail and Motor Trade

The fund is not open to speculative developers, public bodies, or charities.

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