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| Version 0 | Version 1 |
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| £200m in extra funding expected | £200m in extra funding expected |
| (about 2 hours later) | |
| Millions of extra pounds are to be spent on health, house building and projects aimed at fighting climate change in a bid to boost the economy. | |
| The Welsh Assembly Government is expected to announce the additional funding later, which is thought to be worth more than £200m. | The Welsh Assembly Government is expected to announce the additional funding later, which is thought to be worth more than £200m. |
| Big projects dealing with climate change, transport, regeneration, house building and health could benefit. | Big projects dealing with climate change, transport, regeneration, house building and health could benefit. |
| The funding will be released from a strategic investment fund. | The funding will be released from a strategic investment fund. |
| The BBC's political correspondent Guto Thomas said it was part of a concerted effort by government to direct as much targeted spending as possible in the short-term, to protect against the threat of a deeper, more damaging recession later. | The BBC's political correspondent Guto Thomas said it was part of a concerted effort by government to direct as much targeted spending as possible in the short-term, to protect against the threat of a deeper, more damaging recession later. |
| It is thought the money from the strategic capital investment fund (Scif) will be used to boost the construction industry, protect jobs, while also building more affordable housing. | It is thought the money from the strategic capital investment fund (Scif) will be used to boost the construction industry, protect jobs, while also building more affordable housing. |
| Top earners | Top earners |
| Generating work for builders, plumbers and electricians is thought to be one example of injecting money into the economy. | Generating work for builders, plumbers and electricians is thought to be one example of injecting money into the economy. |
| Big projects on climate change, transport, regeneration and health are also expected to benefit. | Big projects on climate change, transport, regeneration and health are also expected to benefit. |
| The Scif allows for substantial amounts of capital investment, which is spent on building schools, hospitals and roads, to be held back centrally from individual departments so money can be spent - when it is needed - strategically. | The Scif allows for substantial amounts of capital investment, which is spent on building schools, hospitals and roads, to be held back centrally from individual departments so money can be spent - when it is needed - strategically. |
| It was set up in December 2007. | It was set up in December 2007. |
| Finance Minister Andrew Davies chairs a strategic capital investment board (Scib), which is made up of independent experts. Virtually all of them have a strong business, rather than political, background. | Finance Minister Andrew Davies chairs a strategic capital investment board (Scib), which is made up of independent experts. Virtually all of them have a strong business, rather than political, background. |
| Each department in the assembly government is able to bid for projects. The Scib then meets to decide which bids should go ahead. | Each department in the assembly government is able to bid for projects. The Scib then meets to decide which bids should go ahead. |
| Last week, Chancellor Alistair Darling threw a lifeline to the struggling economy and cut VAT and increased income tax for top earners. | Last week, Chancellor Alistair Darling threw a lifeline to the struggling economy and cut VAT and increased income tax for top earners. |
| But all National Insurance contributions will rise, and Mr Darling has taken borrowing to record levels. | But all National Insurance contributions will rise, and Mr Darling has taken borrowing to record levels. |