Mid Wales businesses supported by Commercial Property Investment Fund

Businesses across Mid Wales have secured investment through the Mid Wales Commercial Property Investment Fund (MWCPIF), supporting projects that will help strengthen the region’s commercial infrastructure, unlock growth and create new job.

Launched in May 2025 and delivered through the Mid Wales Growth Deal, the fund is designed to leverage private sector investment in commercial premises. Targeted support enables established businesses across Powys and Ceredigion to develop, extend, refurbish or repurpose sites and unlock new opportunities for business investment and expansion.

Strong interest was shown in the fund and, after an initial assessment process, projects were shortlisted and invited to develop their proposals further for final consideration.

The projects are at various stages, finalising their business cases and developing their investment plans – but some are already progressing into delivery.

Those successful projects that are now about to move forward are:

Moduron Strata Motors, a family-run business in Pontrhydfendigaid, near Tregaron is building a new workshop and MOT testing bay to meet increased turnover and upskilling in EV vehicle repair. The funding will create new, high skilled jobs and the company is keen to offer apprenticeships.

Williams (Cwmddu) Coaches, a long-standing, family-run business in Brecon, is building new workshops and a transport hub, creating new jobs and training opportunities.

MWP Ltd, a family-run construction business in Newtown, is building new factory unit to manufacture timber frames, creating new jobs and apprenticeship opportunities.

Penthaus Innova Mill, based in Newtown, is building a new factory to manufacture modular garden and office rooms, creating new jobs and employment opportunities.

All the companies have said the funding has given them the confidence to proceed their projects.

Together, the projects represent a significant investment in Mid Wales’ commercial property landscape, supporting sectors including manufacturing, construction and the motor trade.

The original bids represented a combined project value of approximately £11.12 million, with an estimated fund contribution of around £3.96 million.

Across the projects, proposals included the creation of more than 10,000 square metres of commercial floorspace, safeguarding existing jobs and potential creation of more than 100 new roles.

While funding has been awarded to a select number of projects, the fund’s wider aim is to strengthen the business environment across Mid Wales – helping increase the availability and quality of commercial premises, supporting local supply chains, creating job opportunities and encouraging further private sector investment in the region.

Councillors Bryan Davies and Jake Berriman, leaders of Ceredigion and Powys County Councils, respectively and joint chairs of Growing Mid Wales Board, said: “We are delighted to see the first projects progressing through the Mid Wales Commercial Property Investment Fund and moving into delivery. 

“The strength and quality of applications received demonstrates the ambition that exists within Mid Wales businesses to invest, grow and create opportunities locally.

“Although funding is being targeted at a number of individual projects, the wider impact will be felt across the regional economy – helping improve commercial space, support local businesses and supply chains and create the conditions for future growth and investment across Mid Wales. 

“It is also encouraging to see projects already beginning delivery, helping turn investment plans into visible progress on the ground.”

Adam Price MS, Cabinet Minister for Enterprise, Connectivity and Energy, said: “As a newly elected government, we are committed to unlocking investment in commercial property sites so that businesses have the premises they need to grow.

“Through this fund, we are not only helping businesses expand and modernise but also strengthening the economic foundations of Mid Wales. It is particularly encouraging to see a number of projects now moving forward to deliver high-quality property solutions that will support productivity, innovation and long-term regional prosperity.”

UK Government Wales Office Minister Anna McMorrin MP, said: “This fund, backed by the UK Government’s investment in the Mid Wales Growth Deal, is delivering grants to businesses across the region, helping them build new premises and take on more employees and apprentices. 

“Driving economic growth and creating jobs and opportunities for local communities is the UK Government’s number one priority. That’s why we are helping to fund schemes like this one in Mid Wales, which enable businesses to thrive and expand.”

The Mid Wales Commercial Property Investment Fund forms part of the wider Mid Wales Growth Deal portfolio, backed by £110 million from the UK and Welsh Governments to support long-term economic growth across the region.

A podcast, from Business News Wales, featuring some of the successful businesses supported through the Fund is being aired this week, showcasing some of the businesses, ambitions and wider impact the investment is expected to have across Mid Wales.

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