Local Growth Fund Consultation – Have Your Say!
The public consultation on proposals for the new Local Growth Fund, which replaces SPF funding in Wales is open , to ensure that it is ready to implement from April 2026.
The Local Growth Fund will invest £547m of UK Government funding in Wales over three years. This will be the first time since leaving the EU, that decisions on these important regional economic development funds will return to the Welsh Government.
The consultation document, which is available here, reflects the key objectives for this funding: to raise productivity and tackle economic inequalities. It aligns with the Welsh Government’s Economic Mission and with the UK Government’s growth mission and Industrial Strategy.
The consultation document seeks views on the overarching principles and objectives that should be prioritised for investment from the different priority areas:
- More productive and competitive businesses.
- Supporting people into work and increasing skills
- Green infrastructure and energy
- Local infrastructure driving regional economies
The consultation also seeks views on the delivery approaches for the Local Growth Fund, including national, regional, and local approaches, and the transition from the Shared Prosperity Fund.
Submit your comments by 19th December 2025.
