Story perspectives

New Initiative Boosts 20 Entrepreneurs in Mid Wales

10/23/2025

Summary

Story summary

The SBARC Ceredigion initiative, launched by Mentera, supports 20 new entrepreneurs in Mid Wales, funded by the UK Government's Shared Prosperity Fund.
The program runs two cohorts, Tyfu for emerging ideas and Ffynnu for established businesses.
Participants engage in workshops and mentorship, plus a learning trip to Ireland.
Ceredigion County Council highlights its commitment to fostering local talent and strengthening the supply chain, underscoring potential regional benefits.

History

Historical Context

Established in 2022, the Shared Prosperity Fund replaced the £375 million in annual EU funding for Wales, aiming to empower local initiatives like SBARC Ceredigion with a £2.6 billion allocation. This shift reflects a broader trend of regional empowerment post-Brexit, as the UK government seeks to strengthen local economies and supply chains amid criticisms of underfunding and central control.

1 of 2

Story summary

The SBARC Ceredigion initiative, launched by Mentera, supports 20 new entrepreneurs in Mid Wales, funded by the UK Government's Shared Prosperity Fund.
The program runs two cohorts, Tyfu for emerging ideas and Ffynnu for established businesses.
Participants engage in workshops and mentorship, plus a learning trip to Ireland.
Ceredigion County Council highlights its commitment to fostering local talent and strengthening the supply chain, underscoring potential regional benefits.

1 / 2