- Prime Minister Theresa May signs the deal in Swansea
- The deal, worth £1.3bn over 15 years, includes projects in Swansea, Carmarthenshire, Neath Port Talbot and Pembrokeshire
- First Minister Carwyn Jones says "this is a package which will deliver jobs and economic growth for all of south west Wales"
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.
BBC CymruQuote Message: 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
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
- Quote Message: 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 from Theresa May Prime Minister
Copyright: Swansea council
- 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
Plaid Cymru welcomed the announcement but also called on Theresa May to deliver on the Swansea Bay Tidal Lagoon investmentCopyright: TLP
Copyright: Getty Images
- 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
Copyright: Geograph/Colin Bell
- 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 £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
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.
- Copyright: BBCQuote Message: The biggest ever investment for south west Wales has been secured following the approval of the ground-breaking Swansea Bay City Deal. from Swansea Bay City Region statement
Carwyn Jones and Theresa May have signed the £1.3bn Swansea Bay City Region deal at The Liberty StadiumCopyright: Welsh Government