A total of £11.8 million has been awarded to Powys County Council against a total project cost of £23.8m, paving the way for construction to begin.
The funding has been allocated from the £1.4 billion 21st Century Schools and Education Programme.
Minister for Lifelong Learning Alun Davies said: "Securing capital investment in these difficult economic times is essential not only for better education outcomes but for the continued support of our construction industry and the growth of our economy.
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"This is great news for local people and for the future of education on the area."
Cllr Arwel Jones added: "We are delighted that our ambitious plans for five new primary schools in the Gwernyfed catchment area have received final approval from the Welsh Government and that construction work can get underway as soon as possible.
"Between them the schools will provide state-of the-art teaching accommodation for young learners demonstrating the council's commitment to education in Powys."
The new schools are; Hay-on-Wye Community Primary School, Clyro Church in Wales Voluntary Controlled School, Bronllys/Talgarth Community Primary School, Llangors Church in Wales Voluntary Controlled School and Archdeacon Griffiths Church in Wales Voluntary Aided School, Llyswen.
(LM/CD)
