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<p>The UK government has committed to providing £500m over twenty years for the Cardiff
City Deal, with funding matched by the Welsh Government. We have also committed £155m
over fifteen years for the Swansea City Deal, with the Welsh Government providing
£125m.</p><p> </p><p>For the Cardiff City Deal, at Budget 2016, the UK government
added £10m in RDEL to the Welsh Government’s block grant in each of 2016-17, 2017-18,
2018-19 and 2019-20. The annual commitment is anticipated to rise. The spending is
ring-fenced with the Welsh Government’s budget and it is for the Welsh Government
to account for this expenditure. Funding for the Swansea City Deal is expected to
commence in 2018-19.</p>
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