We'll build a stronger, greener economy, including over £110 million in additional non-domestic rates relief to businesses in the retail, leisure and hospitality sectors. We cannot and will not ignore the devastating and unequal impacts the pandemic has had on the people of Wales. We will continue to celebrate diversity and move to eliminate inequality in all of its forms, including by investing £10 million in our basic income pilot, to test the benefits of addressing poverty, unemployment, and improving wellbeing.

With individuals continuing to be affected by the pandemic and changes to universal credit, vulnerable people and families across Wales are turning to our discretionary assistance fund for additional support. We will invest an additional £7 million to meet this ongoing demand, providing support for those most in need.

Investing in early years and education remains one of our most powerful levers. We're investing an additional £320 million in our long-term education reforms, ensuring educational inequalities narrow and standards rise. This includes £90 million, in our shared priority with Plaid Cymru, to ensure an additional 196,000 children become eligible for free school meals in Wales.

We will build an economy based on the principles of fair work and sustainability, including an additional £61 million in our young person's guarantee, employability support and apprenticeship provision, helping people into employment so that they can earn a good income, and offering a route out of poverty and protection against it.

As a world we face a climate and nature emergency that demands urgent and radical responses, and Wales can play its part. I've delivered on my promise to use the new 10-year Wales infrastructure investment strategy to strengthen the link between infrastructure and tackling the climate and nature emergency. Through undertaking a fundamental zero-based review, I have published a new three-year infrastructure finance plan, underpinned by £8 billion of capital expenditure, including full use of our £450 million capital borrowing powers.

Alongside an additional £160 million revenue package, at the heart of this plan is a total £1.8 billion investment in our response to the climate and nature emergency. This includes £57 million to support the delivery of a national forest extending from the north of Wales to the south; £90 million to enhance green spaces at all scales and to ensure that we meet our existing and emerging international biodiversity responsibilities; £580 million to drive decarbonisation of our social housing stock; £100 million to be invested in tackling fuel poverty and providing warm homes; £90 million to deliver our renewable energy ambitions; and £102 million to provide additional flood protection for more than 45,000 homes, delivering nature-based solutions across Wales.

Unlike the UK Government, we will stand by our communities with a £44.4 million investment in coal-tip safety and support for their remediation, reclamation and repurposing. We're investing over £1 billion in farming and rural development, which will support environmental improvements, land management and our rural communities. This includes an additional £85 million revenue and a total £90 million capital, ring-fencing the farm funding we have received following the UK's departure from the EU.

Under our new infrastructure finance plan, we will also invest close to £1.6 billion capital in our housing priorities, including £1 billion to support our key commitment to build 20,000 low carbon homes for rent; £375 million to enable long-term investment in building safety, supporting work on long-term reform and remediation; over £1.3 billion capital to provide effective, high-quality and sustainable healthcare; £1 billion capital in education, Flying Start, childcare and early years provision, including £900 million to develop net-zero carbon schools and colleges, ensuring that they are in the right locations for local needs; £750 million in rail and bus provision, including delivery of the south Wales metro; and £210 million to support the Welsh language, and enable our tourism, sports and arts industries to thrive.

I am also using our devolved tax powers to help Wales recover, building on our distinct Welsh approach, including our commitment to make tax fairer through council tax reforms. We remain committed not to raise Welsh rates of income tax for as long as the economic impacts of the pandemic last. To minimise the risks associated with waste tourism, I will increase land disposals tax rates in line with forecasted levels of inflation. To support our investment in social housing, I will keep the higher residential rates of land transaction tax at 4 percentage points.

I have also published an updated budget improvement plan, outlining progress on our budget and tax processes, and we have remained focused on our longer term ambitions. We have undertaken the first multi-year spending review since 2015, engaged with other leading Governments internationally on embedding well-being. We are taking forward two new gender budgeting pilots and have established a new 10-year Wales infrastructure investment strategy, continuing our reforms on how we assess carbon impacts.

So, in closing, I am proud that this budget delivers on our values, providing the foundation for our recovery and moving us towards a stronger, fairer and greener Wales. Diolch.