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Regional economy in Wales is centred on four regional economic boards in Wales. Each board oversees a city or growth deal, signed between 2016 and 2022, lasting 10–15 years. Two of the deals are city deals signed and proposed by their respective economic boards, and their areas are described as "city regions"; the Cardiff Capital Region and Swansea Bay City Region.[1] Whereas in North Wales, the North Wales Economic Ambition Board negotiated a North Wales growth deal signed in 2020,[2] and in Mid Wales, the Growing Mid Wales Partnership, led negotiations for a Mid Wales growth deal signed in 2022.[3] The programmes are based on the City deal and Growth deal initiatives set up by the Coalition UK Government in 2012, to promote the decentralisation of the UK economy, by stimulating local economic growth.[1]
- ^ a b "City Deals and Growth Deals in Wales - Welsh Affairs Committee - House of Commons". publications.parliament.uk. UK Parliament. Retrieved 2021-12-20.
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