Our measures for improving our transport infrastructure across all parts of Wales, including the Swansea bay region, are set out in the national transport finance plan.

We are making significant investments to modernise rail infrastructure across North Wales, including capacity improvements between Wrexham and Chester, and the North East Wales Metro area. I also expect to see significant improvements for passengers in North Wales delivered through the new Wales and Borders franchise.

The Welsh Government continues to invest in and support the work of our national museums, which make an important contribution to public life in Wales, and to Welsh Government strategies and policies.

We continue to provide a wide range of support to small businesses in Wales through the Business Wales service. We also provide infrastructure investment and actions which improve business conditions.

In my written statement on 8 February I advised Members that we would commence a rigorous process of due diligence on the proposal. We have asked the company to provide access to the documents and information that this requires, and once this has been made available the external advisers we have engaged will be able to commence their work.

We will reflect regional challenges and opportunities, alongside place-based interventions in the work we are taking forward on the cross-cutting strategy that will frame our approach to prosperity for all.

We rescued Cardiff Airport from a downward spiral whilst in private ownership. Cardiff Airport achieved 16 per cent year-on-year growth in 2016, and forecasts continued growth in 2017. The Welsh Government intends to return it to private ownership, but we will only do so when the conditions are right.

We recognise the importance of foundation industries to the economy of Wales and our priority remains to develop and strengthen its future.