About the Growth Deal
The Growth Deal is an agreement that will generate a total investment of over £1 billion for North Wales. Signed in December 2020, the agreement secures funding of £120 million from Welsh Government and £120 million from the UK Government to invest in the Growth Deal's project portfolio. The Government funding will be received over the next 10-15 years as projects receive Full Business Case approval. The private and public sector will work collaboratively to attract additional funding that will make up the £1 billion total.
The SOC is the first stage in the development of the business case for a project. It sets out the case for change and considers the available options.
Business cases are developed in line with HM Treasury's Green Book guidance.
The OBC is the intermediate business case. It identifies the option offering best public value, confirms the project is affordable and puts in place the arrangements for successful delivery of the project.
Business cases are developed in line with HM Treasury's Green Book guidance.
The FBC is the completed business case. It identifies the best offer following procurement, confirms affordability and the detailed management arrangements for successful delivery, monitoring and evaluation of the project.
Business cases are developed in line with HM Treasury's Green Book guidance.
The Growth Deal projects will start to be delivered after the approval of their Full Business Case.
The current stage of each Growth Deal project is shown on the project pages.
GVA (Gross Value Added) is the value of goods and services produced by an industry, sector, manufacturer, area or region in an economy. It is the total value of output produced, without including the intermediary costs that went into producing them.