1. ITV Report

Independent review launched into Swansea Bay city deal

First Minister Carwyn Jones, Prime Minister Theresa May and Welsh Secretary Alun Cairns signed the city deal more than a year ago Credit: PA

The Welsh and UK Governments have ordered an independent review of the Swansea Bay city deal.

The £1.3 billion plan, which was launched 18 months ago ago by the First Minister and the Prime Minister, aims to create more than 9,000 jobs over 15 years around technology and science.

But the two governments say they have now ordered a review to cover due diligence and governance, in relation to all elements of the deal and its implementation.

In a joint statement, the UK and Welsh Governments said all partners remained "committed to the success of the deal", adding that work on individual projects will continue in parallel with the review.

As outlined by the UK Government and Welsh Government, considerable progress has been made since the signing of the Swansea Bay City Deal.

We will now work closely alongside both governments on the independent review, with all partners remaining fiercely committed to delivering this unprecedented programme of investment.

Work will continue on all individual projects while the review is ongoing so that residents and businesses can benefit as soon as possible.

– Swansea Bay City Region spokesperson