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| Version 2 | Version 3 |
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| £200m in extra funding expected | £200m in extra funding expected |
| (10 minutes later) | |
| Millions of extra pounds to boost the Welsh economy are to be spent on health, house building and projects aimed at fighting climate change. | Millions of extra pounds to boost the Welsh economy are to be spent on health, house building and projects aimed at fighting climate change. |
| The Welsh Assembly Government is to announce an expected £200m from its Strategic Capital Investment Fund. | The Welsh Assembly Government is to announce an expected £200m from its Strategic Capital Investment Fund. |
| Projects dealing with climate change, transport, regeneration, house building and health could benefit. | Projects dealing with climate change, transport, regeneration, house building and health could benefit. |
| Finance Minister Andrew Davies said they were "busting a gut" to bring forward spending during the downturn. | Finance Minister Andrew Davies said they were "busting a gut" to bring forward spending during the downturn. |
| He said money which was earmarked for spending in future years was being spent, and he and First Minister Rhodri Morgan and Deputy First Minister Ieuan Wyn Jones will make further announcements on Friday. | |
| Mr Davies suggested that affordable housing schemes were among the projects likely to benefit from the announcement later. | Mr Davies suggested that affordable housing schemes were among the projects likely to benefit from the announcement later. |
| Considerable investment | |
| "Obviously, it is one of our major ambitions, we're already spending a very significant amount of money in this area and there is an increasing need for affordable housing," he told BBC Radio Wales. | "Obviously, it is one of our major ambitions, we're already spending a very significant amount of money in this area and there is an increasing need for affordable housing," he told BBC Radio Wales. |
| He said other public services would also be helped in the first phase of this "new and exciting fund". | He said other public services would also be helped in the first phase of this "new and exciting fund". |
| Mr Davies added: "But you mustn't forget that while the £400m fund, of which I'll be making the first announcement today, is a significant amount of money, that's in addition to the £1.6bn we spend every year in terms of the health service, education, housing and transport. | Mr Davies added: "But you mustn't forget that while the £400m fund, of which I'll be making the first announcement today, is a significant amount of money, that's in addition to the £1.6bn we spend every year in terms of the health service, education, housing and transport. |
| "So this is in addition to the very considerable investment we are already making." | "So this is in addition to the very considerable investment we are already making." |
| He also said the fund was a new way of the assembly government deciding spending priorities. | He also said the fund was a new way of the assembly government deciding spending priorities. |
| One Wales document | One Wales document |
| "This is the result of an internal process whereby ministers have put bids to me and my colleagues and then we have collectively made this decision which I am announcing today." | "This is the result of an internal process whereby ministers have put bids to me and my colleagues and then we have collectively made this decision which I am announcing today." |
| Asked if in the past spending has been "unstrategic", Mr Davies said: "I think that's something we've accepted for some time, that's why the proposal to set up the fund has been accepted by everybody. | Asked if in the past spending has been "unstrategic", Mr Davies said: "I think that's something we've accepted for some time, that's why the proposal to set up the fund has been accepted by everybody. |
| "This was why the commitment to do this was in the One Wales document [which formed the basis of the Labour-Plaid Cymru coalition assembly government] and as finance minister I've been taking it forward and leading on it." | "This was why the commitment to do this was in the One Wales document [which formed the basis of the Labour-Plaid Cymru coalition assembly government] and as finance minister I've been taking it forward and leading on it." |
| It is thought the money from the Strategic Capital Investment Fund (Scif), which was set up last December, 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), which was set up last December, will be used to boost the construction industry, protect jobs, while also building more affordable housing. |
| 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. |