The Fund is designed to target lagging areas with the greatest potential for productivity catch-up, helping businesses to grow, create better-paid jobs and strengthen regional economies.
The four high growth sectors in Wales are identified as Advanced Manufacturing, Clean Energies, Digital and Technologies, and Creative; and two high growth potential sectors are Life Sciences and Financial Services.
The UK Government has set two key strategic funding outcomes for the Local Growth Fund across the UK: Increased Real Household Disposable Income (RHDI) per head; and Increased Gross Domestic Product (GDP) per head.
This strand of the Fund is focused on Priority 2.
Priority 2: Increasing skills and supporting people into work
- Objective 2.1: Reduce levels of economic inactivity, notably among young people, disabled people, women and people from ethnic minority backgrounds.
- Objective 2.2: Enhance workforce skills through flexible, demand-led education and training aligned with needs of high-growth and regionally important sectors.
The Local Growth Fund contains a mix of capital and revenue funding designed to support efforts to boost gross domestic product (GDP) and real household disposable income (RHDI) to deliver improved economies and higher living standards.
Blaenau Gwent skills gaps have been identified in Digital and Creative Industries, projects that can demonstrate activities in these areas of employment and skills will be deemed more favourably.
For any further information please contact: [email protected]
Closing date
All applications should be submitted to: [email protected]
by 5pm on the 19th June 2026.
