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Summary

  1. Prime Minister Theresa May signs the deal in Swansea
  2. The deal, worth £1.3bn over 15 years, includes projects in Swansea, Carmarthenshire, Neath Port Talbot and Pembrokeshire
  3. First Minister Carwyn Jones says "this is a package which will deliver jobs and economic growth for all of south west Wales"

Live Reporting

By Ben Frampton and Peter Shuttleworth

All times stated are UK

Goodbye

That's it for our live coverage on the signing of a "historic" and "ground-breaking" £1.3bn city deal for the Swansea Bay City region.

You can read the full story here  or for a more detailed look at the project see our  city deal Q&A .

SA1 in Swansea
Getty Images

Surveyors say 'work with Cardiff'

The Royal Institution of Chartered Surveyors Wales has responded to the signing of the Swansea Bay City deal by saying it "will give the go-ahead for potentially transformative investment in the region and its infrastructure.

"It is essential that, as far as possible, there is now coordination with the Cardiff Capital Region City Deal, to leverage the maximum economic benefit for both regions, and for Wales as a whole."

The organisation also wants to see the Tidal Lagoon project given approval ASAP.

'Significant'

Sarah Dickins

BBC Cymru

 

Swansea Bay city deal ambitions are around digital technology

If the ambition for the bay area to be a test-bed for 5G technology is realised, then we can imagine a whole raft of other industries developing

City deal 'based on discredited strategy'

Prof Dylan Jones-Evans from Bristol Business School says while the deal is "vitally important" the new strategy is "very different" to that proposed by high-tech tycoon Sir Terry Matthews a year ago

City deal 'based on discredited strategy'

'Local prosperity and growth'

This city region deal is a very good example of working together - partnership that can deliver that and local prosperity and growth. Everybody pulling together for the benefit of everyone

Theresa MayPrime Minister
Theresa May says Swansea deal helps country work for everyone

Projects for Swansea

  • A £169m Swansea city and waterfront digital district to create 1,300 jobs with 100,000 sq ft of new office space on Kingsway to allow high-tech businesses set-up
  • A 215,000 sq ft box village development on the University of Wales Trinity Saint David's site at the Waterfront Innovation Quarter to provide affordable space for start-ups
  • Digitalisation of the proposed new indoor arena in Swansea's St David’s development site and a digital square
Swansea St David's development artist impression
Swansea council

Projects for Neath Port Talbot

  • A centre of excellence for Next Generation Digital Services at the heart of a regional digital super hub to attract high-tech companies who can turn innovations into products
  • A 'homes as power stations' project to deliver a pilot of low-carbon homes and reduce demand on electricity and gas networks
  • A steel science innovation centre for the UK steel sector and its supply chains, to build on Tata's commitment  and ensure the sector's long-term future
Tata's Port Talbot steelworks
Getty Images

Projects for Pembrokeshire

  • The £76m Pembroke Dock marine will establish a marine energy centre around the Milford Haven waterway and be a hub for marine energy development and testing 
  • Creation of a new industry based around innovative and sustainable energy
  • Broadband and mobile enhancement

          A view of Pembroke Dock and Milford Haven from the Cleddau Bridge
Geograph/Colin Bell

Projects for Carmarthenshire

  • A £200m wellness and life science village in Llanelli which aims to create 1,853 jobs and boost the economy by £467 million over 15 years
  • A £23m creative industry project at Yr Egin in Carmarthen, to be TV channel S4C's new home, that will be a digital and creative industry hub, creating about 200 jobs
  • A skills and talent initiative which will support skills development for the 11 Swansea Bay City Region projects
Llanelli wellness village 'the whole world will look at'

What is the deal worth?

The Swansea Bay City Region said it could create a £1.8bn gross value added uplift and support up to 33,000 jobs - including 9,500 new, direct jobs.

Swansea
Thinkstock
Swansea Bay City Region is expected to worth more than £1.3bn over 15 years

'Ground-breaking'


          Swansea council leader Rob Stewart with Pembrokeshire leader Jamie Adams, Emlyn Dole, leader of Carmarthenshire, and Neath Port Talbot leader Ali Thomas
BBC

The biggest ever investment for south west Wales has been secured following the approval of the ground-breaking Swansea Bay City Deal.

Swansea Bay City Region statement

£1.3bn handshake

First minister and prime minister sign the deal

Carwyn Jones and Theresa May have signed the £1.3bn Swansea Bay City Region deal at The Liberty Stadium


          First Minister Carwyn Jones and Prime Minister Theresa May Swansea Bay City Region deal
Welsh Government

Who is involved?

Four councils, serving 688,000 people, are linking up - Neath Port Talbot, Swansea, Carmarthenshire and Pembrokeshire - along with Swansea and Trinity St David's universities, two health boards and businesses.  

A view over SA1 in Swansea
Geograph/Nigel Davies

The key points

The deal promises more than £1.3bn investment in the region over 15 years. About £241m would come from the UK and Welsh governments, another £360m from the public sector and universities and another £673m in private investment.

Swansea Bay City Region number
Getty Images

Welcome

Good morning - welcome to the live page for all the latest reaction as Prime Minister Theresa May prepares to sign off the Swansea Bay City Region deal.

The plan is expected to create more than 9,000 jobs and trigger almost £1.3bn investment in the region.

Theresa May
Getty Images