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The deal involves the commitment of £110 million of funding from the two governments, with additional funding provided by other public and private sectors over the span of 10 years. The deal aims to increase investment in the region to £400 million by 2032, support an increase in gross value added of between £570 million and £700 million in the region's economy, and create between 1,100 and 1,400 jobs in Mid Wales.