Additional cash to drive invvestment in Mid Wales growth projects will be announced in tomorrow's Budget.

Chancellor Rishi Sunak is set to bring forward an extra £1.8 million a year for the Mid Wales growth deal, a £110 million project backed by the Welsh and UK Governments to drive investment into Powys and Ceredigion, the UK Government has said.

The deal was agreed in December, with officers and councillors from both counties now looking into specific projects which could be backed by the scheme.

Tomorrow a further £1.8 million will be announced to boost the deal from 2021/22, once the specific projects are agreed.

These could include areas such as transport, agriculture, skills and employment. 

The additional money is part of an additional injection of cash into Wales promised as part of Wednesday's budget.

The Chancellor is expected to announce a total of £58.7 million of funding over the next five years for growth deals not just in Mid Wales, but also in North Wales and Swansea.

The acceleration of the deals from 15 to 10 years means that:

• The North-Wales Growth Deal will get an extra £4.4 million per year from 2021/22 for the remaining nine years of the deal, supporting the deal to create up to 3,800 new jobs and to support an uplift of £2.2 billion for the economy. 

• The Mid-Wales Growth Deal will get an extra £1.8 million per year from 2021/22 for the remaining 10 years of the deal. This will lead to faster investment once projects are agreed, such as those focussing on transport, agriculture, skills and employment. 

• The Swansea Bay City Deal will get an extra £5.4 million per year from 2021/22 for the remaining seven years of the deal. This will enable deal projects, including digital and urban regeneration infrastructure projects, to be delivered faster and will support the Deal to create up to 9,000 new jobs and to support an uplift of £1.1 billion for the economy. 

The UK Government will match fund up to £30 million, subject to business case approval, with the remaining £128 million from the Welsh Government and private sector investment. 

Treasury support to Wales throughout the pandemic has included: 

• Providing the Welsh Government with an additional £5.85 billion of funding to support people, businesses and public services 

• Protecting nearly 250,000 jobs through the furlough scheme 

• Supporting the incomes of 295,000 self-employed people 

• Providing more than 57,000 loans worth more than £2 billion to Welsh businesses  

Secretary of State for Wales Simon Hart approved of the proposed investment.

"This planned package of measures from the Chancellor delivers for Wales as we build back better and greener from the coronavirus pandemic," he said.

"As well as bringing thousands of skilled jobs, the plans for the Centre for Rail Excellence, hydrogen hub and investment in growth deals show the UK Government's determination to make sure that Wales is a centre for innovation and the industries of the future.

"We have provided support for thousands of individuals and businesses across Wales through the extraordinary challenges of the pandemic.

"These announcements and others in the budget will pave the way to brighter times ahead."